The New Economics Foundation (Nef), which conducted the research for Catch22, found that by giving 16- to 18-year-olds better support, it would improve their life chances and create cost benefits for young people, young parents and the state.
Improving Services for Young People — An Economic Perspective estimates that by improving transition support, £1.3bn could be generated for young people through reductions in drug misuse, an increase in employment and overall independence. A further £490m could be created for young parents as a result of them being able to improve the care of their children. Meanwhile, £1.4bn could be generated for the state over five years by reducing the number of young people in custody, increasing the number of young people in employment and training and a decrease in demand for emergency and mental health services.
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