Private backers fund scheme to cut prisoner reoffending
A "payment-by-results" pilot project aimed at cutting reoffending has officially been launched.
Investors have put £5m in social impact bonds to fund rehabilitation work with 3,000 Peterborough Prison inmates.
They could earn a return of up to £8m from the government and the Big Lottery Fund if their cash helps rehabilitate criminals.
Would that be £8m on top of the £5m or £3m on top of the £5m? I think we ought to know!
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