Rachel Reeves to announce £500m for investment in youth services projects

Funding for social impact bonds to help children facing mental health difficulties, school exclusion or crime

Rachel Reeves will announce 500m for charities and civil society organisations to invest in youth services on Monday as the government seeks to combat accusations it is not doing enough to tackle child poverty.

The chancellor will launch a new better futures fund", which will give money to schemes helping children struggling with mental health difficulties, school exclusion or crime, with the hope of attracting an additional 500m from local government and other organisations.