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We are delighted to share our interim report from the primary evaluation of the Life Chances Fund (LCF). 

As the evaluation partner of the LCF, The Government Outcomes Lab is conducting evaluation across the portfolio of 31 projects offered funding by the LCF. The fund is dedicated to supporting the growth and development of outcomes-based commissioning through the use of social impact bonds (SIBs), by providing a top-up payment to local government commissioners. 

While the research initially focused on investigating the characteristics of LCF projects, the research pivoted in March 2020. Following the onset of Covid-19 restrictions, our researchers sought to capture the impact of the pandemic on LCF projects, and the projects’ subsequent adaptations.  

Undertaking research work offers a great opportunity for improving our collective understanding of the SIB model as a commissioning tool. You can find out more about our role in evaluating the Life Chances Fund here.

Want to know more about the state of play of impact bonds? Explore our global interactive map to find out data on impact bonds in their various stages of development and policy areas.

Discover our dataset on impact bonds around the world