BIG has launched a £40 million Social Impact Bond Fund which will complement the Cabinet Offices £20 million Social Outcomes Fund. The aim is to help develop more Social Impact Bonds (SIBS) by paying for a proportion of outcomes payments in complex policy areas as well as support to develop robust proposals.
Each fund has their own specific focus but applications can focus on meeting the objectives of either or both funds.
There is a single application process and the first stage is an Expression of Interest. Commissioners, Providers or Intermediaries can all submit an EOI.
For further details about this fund please see http://www.biglotteryfund.org.uk/sioutcomesfunds or contact one of our Fundraising Consultants on 01394 610581.