Business Matters: Turning prisoners into entrepreneurs could save £1.4 billion per annum
Our latest report From inmates to entrepreneurs is covered in Business Matters:
The Centre for Entrepreneurs (CFE) – the think tank for entrepreneurs – has released a report detailing the appetite and propensity for entrepreneurship among prisoners.
The report concludes that the large scale introduction of prison entrepreneurship programmes could save the government up to £1.4 billion annually on the cost of ex-prisoner reoffending, which currently translates to around £4.5 billion annually. It calculates that the widespread implementation of such programmes would cost a maximum of £82 million, the equivalent of a 17x return on investment. To achieve this, the report proposes that the government creates a prison entrepreneurship fund to support local programmes.
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