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Early Intervention

Volume 508: debated on Wednesday 7 April 2010

To ask the Chancellor of the Exchequer what progress his Department has made on development of financial mechanisms to support early intervention policies across the Government in the long-term. (325694)

The Budget announced the Government's support for the first social impact bond (SIB) pilots to help investment in long-term initiatives and support preventative action—including an MOJ pilot to reduce reoffending rates in HMP Peterborough.

The Government will explore further application of this model through the Total Place programme and more widely. The DCSF, for example, have recently pledged to explore the potential of SIBs to lever in additional resources to support early intervention approaches with children and young people.