Private Firms To Turn Prisoners From Crime

The government's new initiative involves private companies funding rehabilitation programs in prisons. The goal is to reduce reoffending rates, with companies profiting based on their success. The pilot project at Peterborough prison, funded by private investors, aims to cut reoffending by 7.5% over six years. If successful, it could lead to significant taxpayer savings and be applied to other public policies. The scheme, known as social impact bonds, has been positively received by prisoners, who see it as a way to aid their rehabilitation and reintegration into work.

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