Research and analysis

Innovation Fund pilot: assessment of return on investment

This report presents findings from a quantitative evaluation of the Innovation Fund pilot, which was part of a package of measures to reduce youth unemployment.

• From: Department for Work and Pensions
• Published: 6 September 2018

Documents

Evaluation of the Innovation Fund pilot: quantitative assessment of impact and social return on investment

Ref: ISBN: 978 1 5286 0355 3, RR956

PDF, 1.28 MB, 97 pages

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Summary: Evaluation of the Innovation Fund pilot: quantitative assessment of impact and social return on investment

PDF, 171 KB, 3 pages

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Details

The Innovation Fund pilot was announced in 2011. It was part of a package of measures to improve employment prospects of young people aged 14 to 24 who were, or were at risk of becoming, disadvantaged. A fund of approximately £30 million was set up to support 10 social investment projects based on a payment by results model.

This report looks at the effect of the Innovation Fund pilot on participants in England. It also includes an analysis of whether the pilot’s benefits exceeded its costs.

Authors: Sergio Salis and Robert Wishart (NatCen) and Stephen McKay (University of Lincoln).

Related publications

Qualitative evaluation of the DWP Innovation Fund: final report

Innovation Fund pilots qualitative evaluation: early implementation findings

The Innovation Fund pilots: qualitative evaluation - summary of early implementation findings

Published 6 September 2018