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.
