Toby Eccles, Social Finance
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Investors bet on prisoner rehab

The first ever 'payment-by-results' project to cut re-offending in Britain has been officially launched.

Under the scheme, charities and social investment groups will put £5m into projects designed to cut re-offending - but will only get a return on their investment if they succeed. It is being piloted at Peterborough jail, where mentors will work with with 3000 male inmates serving short sentences.

Toby Eccles is from Social Finance - the organisation which has raised the money for the project. He told the BBC how the scheme will work.

  • 10 Sep 2010