£23 Million to Help the Homeless.

1600 of the most vulnerable homeless young people in the country will be helped to get their lives back on track with the £15 million Fair Chance Fund, while the £8 million Help for Single Homeless Fund will support around 22,000 single homeless people. The new Fair Chance Fund, announced at the Youth Homelessness Parliament, will pay for sustained housing, employment and educational support for homeless 18 to 24 year olds with investors putting in money now on a long-term payment by results basis. Young people with the greatest needs, which other services may already have failed, will be helped by charities to find accommodation, gain qualifications and move into work using investment from innovative new social impact bonds. Read more on the CLG website.