[영문]AbstractThe Children's Fund involved the development of partnerships in every local authority in England to prevent the social exclusion of children and young people. This article draws from the national evaluation of this initiative to consider the strategies used to implement the Fund, and reflect on their capacity to address the multiple dimensions of exclusion experienced by marginalised groups of children and young people. It discusses the contested nature of the concept of social exclusion, but argues that this is a useful framework for understanding the processes by which children may become excluded and for assessing the capacity of strategies to address this. It concludes that the Children's Fund is likely to have limited long-term impact in this respect