The two-year contract is worth up to £3.5 million.
A key role of the foundation will be to champion early intervention and to provide advice and support to local commissioners on evidence, social finance and payment-by-results, to help them choose early intervention programmes.
It will also gather evidence and research for what works for early intervention in the UK.
The move was welcomed by Dame Clare Tickell, who led the review of the EYFS, MPs Frank Field MP and Graham Allen (pictured) – who have led reviews into poverty and early intervention respectively - and Professor Eileen Munro, who led the independent review of child protection.
In a joint statement they said, ‘We all feel that an independent Early Intervention Foundation should be established and are delighted that the Government has issued a tender to do precisely that.
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