Fund
| ID | INDIGO-FUND-0001 |
|---|---|
| Fund - Name | Youth Engagement Fund - United Kingdom |
| Fund - Host institution of Outcome Fund | INDIGO-ORG-0047 |
| Fund - 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. |
| Fund - Dates - Expression of interest - (Value) | 2014-07 |
| Fund - Purpose and classifications - 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. |
| Fund - Purpose and classifications - Secondary SDG goals | 8,10,17 |
| Fund - Dimensions of Scale - Total Outcome Fund value (outcomes funding) - Currency | GBP |
| Fund - Dimensions of Scale - Total Outcome Fund value (outcomes funding) - Aspiration - Amount - (Value) | 16000000 |
| Fund - Dimensions of Scale - Total Outcome Fund value (outcomes funding) - Aspiration - Amount USD - (Value) | 27412800 |
| Fund - Country | United Kingdom |
| Fund - Geographic area for outcome payment 1: Country - (Value) | GB |