Commenting on the launch of Government’s Better Futures Fund Stephen Muers, CEO at Better Society Capital said:
“The Government’s launch of a £500 million Social Outcomes Partnerships Fund is a welcome and encouraging step in providing better outcomes for children, young people and families in England. The new fund brings together a strong collaboration between government, local communities, impact investors and philanthropists to deliver better outcomes for children and their families — ensuring they have a safe home, access to better opportunities, and a caring support environment.
“The Government’s endorsement of outcomes-based commissioning through the world’s largest fund of its kind will hopefully generate even more momentum towards using social impact capital and partnering with the impact economy to address complex societal challenges, and we’re confident that this early commitment will unlock further public and private investment in the future.
“We welcome this commitment and look forward to working with partners across sectors to ensure this opportunity realises its full potential for children, families, and communities across England and supports the delivery of the Government’s Plan for Change.”
Notes to editors
About Better Society Capital
Better Society Capital is the UK’s leading social impact investor. Our mission is to grow the amount of money invested in tackling social issues and inequalities in the UK. We do this by investing our own capital and helping others invest for impact too.
Since 2012, we have helped build a market that has directed more than £10 billion into social purpose organisations tackling issues from homelessness and mental health to childhood obesity and fuel poverty, a twelve-fold increase in 12 years.