Investing for social impact: new signs of promise
Feb 02, 2018
4 minutes
It started with a simple premise: Private investors could help reduce the rate at which released British prisoners commit new crimes.
Seven years later, the recidivism project at Peterborough Prison stands as a success. Its intensive work with male prisoners who serve less than a year offered help with housing, training and employment, parenting, substance abuse, and mental health. It reduced recidivism by 9 percent among 2,000 prisoners, saving the British government enough money in prison and other costs that the investors who funded the experiment got a 3 percent annualized return over five years.
Since then, the mechanism behind this success story –
You’re reading a preview, subscribe to read more.
Start your free 30 days