Mr Allen’s second Government-commissioned report, Early intervention: smart investment, massive savings, suggests ways to raise non-Government money from the private sector, charities and local government to help pay for early intervention programmes.
Investors in early intervention programmes would see a return on their investment through a payment-by-results basis for outcome-based contracts.
The Early Intervention Fund would work closely with the Big Society Bank, which would offer different early intervention investment products.
The Government would also co-fund a £20 million endowment to sustain the independent Early Intervention Foundation to ‘champion’ early intervention.
Other ideas to raise money include offering savers Early Intervention ISAs and increased ISA allowances for Early Intervention investors.
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