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£16 million to combat drug dependency and support children in care
The government has pledged £16 million to projects that tackle drug and alcohol dependency and support children in care, the Minister for Sport and Civil Society has announced.
The money is the first round of investment from the £80 million Life Chances Fund and will provide specialist services for children in foster care and residential homes, as well as help drug and alcohol dependent adults find full-time work, reduce addiction and cut unnecessary A&E admissions.
The ten projects are Social Impact Bonds, as money is only transferred when projects meet agreed targets.
The investment is in addition to funding from 36 local authorities who will provide a combined £37.6 million to the ten successful projects.
Tracey Crouch, Minister for Sport and Civil Society, said: “This funding will benefit some of the most vulnerable people in society and provide vital support to help them transform their lives. The UK is a world leader in using social impact bonds to make a positive impact in society and these projects will achieve real results in communities across the country.”
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