| Prison bank account scheme a success |
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As the 1,000th inmate opened a bank account at HMP Forest Bank in Salford, the prison bank account scheme was hailed as a success, reducing reoffending and increasing financial inclusion. Researchers have shown that reoffending rates have dropped by a third since its introduction. The scheme, which is run by the Co-operative bank and Kalyx, was started as a pilot project in 2006 and has now been extended to a fifth of UK prisons, with over 4,000 accounts opened. For more information click here. |
