Largest UK Social Impact Bonds launched

The £80m Life Chances Fund (LCF) has been steadily signing off funding commitments for new social impact bonds (SIBs) during 2018/19. These include projects such as West London Zone (WLZ) and Kirklees Better Outcomes Partnerships (KBOP) that have recently begun delivering services aimed at supporting almost 9,000 people.

In Yorkshire, the Kirklees Council commissioned service will help vulnerable people with complex needs to sustain tenancies and avoid homelessness through wrap-around support.