Social Impact Bonds and Home Bonuses

Communities and Local Government written question – answered on 11th July 2012.

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Photo of Nadine Dorries Nadine Dorries Conservative, Mid Bedfordshire

To ask the Secretary of State for Communities and Local Government what recent discussions there have been within (a) his Department and (b) HM Treasury on (i) social impact bonds and (ii) home bonuses.

Photo of Grant Shapps Grant Shapps The Minister for Housing

As a result of close working between my Department and Her Majesty's Treasury, in March this year we announced that £5 million has been set aside for a new Social Impact Bond to help London's persistent rough sleepers off the streets and into secure homes.

Ministers within the Department for Communities and Local Government regularly meet colleagues from Her Majesty's Treasury to discuss a range of matters. There are also regular discussions within the Department on a variety of issues.

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