The Cost of Late vs. Early Intervention
Late intervention spend by area of government
This report is a step-by-step guide to the use of social investment, Social Impact Bonds in particular, in relation to early intervention.
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The promise of early intervention is that not only does it mean providing effective, timely support to those at risk to prevent poor later life outcomes and the intergenerational cycle of disadvantage, but it delivers savings to both local and national agencies at a time of increasing budgetary pressures.
This stream of our work is dedicated to calculating the fiscal costs of intervening too late, including costs of unemployment, social care, acute medical care and the criminal justice system, as well as highlighting and promoting the economic benefits of investing in early intervention services.
Spending on Late Intervention: How we can do better for less
This ground-breaking economic report estimates how much our public services spend on late intervention for children and young people each year. As an annual estimate this deliberately only captures the immediate short-run fiscal costs, not longer-term intergenerational, economic or social impact. It is therefore a very conservative estimate.
We estimate in these terms that in England and Wales we are spending nearly £17 billion per year on addressing the damaging problems that affect children and young people such as mental health problems, going into care, unemployment and youth crime.
This is intended to help commissioners develop a robust and convincing case for investment in early intervention in their local area.
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