Why the Peterborough prison social impact bond is working for ex-offenders

The Peterborough prison social impact bond pilot has tested succesfully to date, and is increasingly inspiring the confidence of onlookers.

The most recent figures show there has been a 12% decline in the frequency of 'reconviction events' for short-sentence offenders since the Peterborough pilot began, compared with an 11% increase nationally.

Social Finance, which is co-ordinating the bond, ex-offenders from Peterborough prison and those working with them at St Giles Trust tell Pioneers Post what has changed for them, and why they think the bond is working.