12 July 2011
The second report from Graham Allen, MP on behalf of HMG on Early Intervention: Smart Investment, Massive Savings was published last week, setting out how “we can pay for those programmes within existing resources and by attracting new non government money.”
Early Intervention is an approach which hopes to make lasting improvements in the lives of children, to forestall many persistent social problems and end their transmission from one generation to the next, and to make long-term savings in public spending.
The report promotes the work of CDFIs and believes that CDFI type finance could play an important role in supporting new or existing providers of evidence-based Early Intervention programmes, either through a franchise model, where programmes are being developed by a programme developer, or where an existing programme provider is expanding or to support a new mutual organisation.
The report recommends that:
- by utilising CITR, CDFIs could be in a position to provide useful funding for Early Intervention projects.
- the effectiveness of CITR should be improved and considered as part of the upcoming review of the tax regime.
- HM Treasury should commission a thorough review of Early Intervention growth incentives ahead of the 2012 Budget to assess what more the tax regime can do to enable all relevant investor groups, including high net worth individuals, social and philanthropic investors, businesses and retail savers to support Early Intervention investment.
Read the full report at:
http://www.cabinetoffice.gov.uk/resource-library/early-intervention-smart-investment-massive-savings
[Pages 73 onwards for relevant CDFI sections]