The United Kingdom government has launched a £500m (CAD $917 million) outcomes-based finance fund. 

The Better Futures Fund will support 200,000 children and their families over the next decade. 

In this model, the purchaser, usually a government, “buys” outcomes. The Better Futures Fund outcomes will be school attendance, diplomas and employment for vulnerable kids and youth. 

Private investors and philanthropic foundations will finance the programs up front, while various organizations nationwide will deploy them. 

The U.K. government will repay investors with interest when an independent third party confirms the outcomes agreed upon in a contract.

According to this 2023 report, the U.K. is the world leader in outcomes-based finance, with more than 92 transactions.
Canada has no federal outcomes-based finance fund. 

Inspired by the U.K. experience, the first step would be to create a Social Outcomes Partnership focused on a social problem. This partnership would include the government, investors, and community organizations.

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