It is not the sort of thing that grabs headlines. But be in no doubt: this paper is fundamental to everyone who works with children and young people and to the future health of our society. Its timing is crucial, cranking up the case for more early intervention amid savage spending cuts on the eve of a general election. And it does not disappoint.
Plenty of evidence suggests that early intervention reaps social and economic savings in the long term. Some interventions are, of course, more cost effective than others. But money is tight. So the paper's commitment to explore levering in private sector investment for early intervention through social impact bonds is enlightened and hugely welcome. It is an idea that has been promoted by think-tanks across the political spectrum.
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