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Host Institution of Outcome Fund

Department for Work and Pensions (DWP)

[INDIGO-ORG-0047]

Purpose

The Youth Engagement Fund aims to help disadvantaged young people to participate and succeed in education or training in order to improve their employability, reduce their long-term dependency on benefits, and reduce their likelihood of offending. The Government aims to provide funding through social impact bonds and will only pay if projects lead to positive outcomes.

Mechanism

The Youth Engagement Fund will test the extent to which a payment by results approach involving social investors and local financial contributions can drive improved educational and employment outcomes for the most disadvantaged young people in society.
Aligned SDGs
Total outcome fund (aspiration)

16.00m GBP

(27.41m USD)

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