Chancellor launches new £500m fund for children

ODN

The Better Futures Fund will support up to 200,000 children and their families over the next ten years by bringing together government, local communities, charities, social enterprises, investors, and philanthropists to work together to give children a brighter future. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00Today we're announcing 500 million pounds for a social impact fund to support projects around

00:07the country including here in Westerly to give children the life chances that we would all want

00:14for our children and the project that I saw today working with children, 40 children at this school

00:22alone who might otherwise fall through the gaps who might not otherwise have some of those

00:29opportunities that we all will want for our children are getting that additional support and

00:35today I joined a session where children were learning through play and it was really powerful

00:42and the outcomes we've seen from these sorts of projects are really amazing and because of this

00:48additional money we're putting in backed by philanthropy by social capital by community

00:54led groups is about improving the outcomes for young children greater school attendance for example

01:01which we know is so important for children's opportunities later in life and the 500 million

01:07pounds that we're putting in now means that this is the biggest project of this type anywhere in the

01:12world and we can meet reach many more children but we also know that the benefits will be felt

01:17for years to come because if children are attending at school if children are getting support with

01:24special needs with additional learning needs if their parents and families are getting support as

01:30well if the community steps up then we will see results for many years to come in better educational

01:37attainment better jobs paying better wages and that's exactly what this government is about it's about

01:44raising life chances and opportunities that's why I came into politics to do in the first place it's

01:49why I joined the Labour Party when I was at secondary school because I want all children from whatever

01:54background they come from to have a great start in life that's why we're doing free breakfast clubs

01:59that's why we're extending free school meals that's why we've kept the cost of school uniform that's why

02:04we're investing in social and affordable homes and that's why today we're announcing 500 million pounds to

02:09improve the outcomes for our young people particularly in some of the most disadvantaged communities

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