Innovation Fund

The Department for Work and Pensions (DWP) has started procuring for Round Two of its Innovation Fund . Round Two aims to support the most disadvantaged young people in society aged 14 or 15. It is expected that bids will focus on innovative ways of improving school and training outcomes by addressing the issues and barriers faced by these groups.

Submissions to the DWP Innovation Fund must be made by a Social Investment Partnership, which includes the delivery organisation(s) and an investor or intermediary. Subject to meeting certain criteria (please download the document below), Social Finance is interested in working with service providers that are interested in forming Social Investment Partnerships to develop proposals for the Innovation Fund.

If you are interested in working with Social Finance to form a Social Investment Partnership for the second round, we would need to receive your draft IAF as soon as possible and no later than Friday 10 February. Please submit to: innovationfund@socialfinance.org.uk

You might also find it useful to refer to our Technical Guide to understand more about how we approach the structuring of social investment proposals.