Local partnerships and social enterprise investment funds can help support innovative health and social care services. The Social Enterprise Investment Fund (SEIF) was a £100M fund that provided various types of financing like grants, loans, and equity to emerging and existing social enterprises. However, implementing the SEIF presented challenges related to politics and incentives. Drawing on lessons from the SEIF, a similar fund could be created to support the spin-out of youth services into viable social enterprises. This would align with policies to diversify service provision and leverage capital to attract co-investors into a sustainable fund.