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The Prince’s Trust Marks 40th Year with Impact report

News
/
Published 08 August 2016

The Prince’s Trust 40 Life-Changing Years report, supported by HSBC, reveals the substantial impact created by The Trust: £1.4 billion in value to society over the last ten years alone.

The calculation assesses the return on investment of getting young people off benefits, helping to stop re-offending, supporting young people to achieve at school and considers the relevant savings to the public purse.

Key findings

  • The Trust has returned £1.4 billion in benefits to society through its help for disadvantaged young people over the last 10 years alone
  • The analysis looked at The Trust’s benefit to society across the UK:
    • England – £1,066 million
    • Scotland – £145 million
    • Wales – £102 million
    • Northern Ireland – £87 million
  • A value of more than £400m is attributed to The Trust’s work supporting young people into employment over the last 10 years
  • The Trust’s work helping young people to access education, and the increased income potential associated with this, has resulted in more than £100m of value created over 10 years

The findings are based on a robust social return on investment methodology which makes an assumption about the number of young people who would have come off benefits anyway, for example.

The report highlights how the work of The Trust is as vital as ever. Drawing upon new research conducted with 16 to 25 year-olds, it finds that a lack of ‘inherited opportunity’ is leaving the poorest young people behind.

Read the report here