Low cost but timely and profound interventions can prove to be worth ‘more than their weight in gold’. BEEP (Business Empowering Employment Programme) and REEP (Rugby Empowering Employment Programme) its forerunner can convert an initial investment of £550 to a potential saving of over £1 million in one generation.
Although, we may prefer to believe in the power of BEEP because it replaces despair with hope, confidence and potential, and alleviates inequality, we know that being able to make the economic case for ‘spending to save’ will win more support for BEEP. For this reason, and with help from Joe Walsh at Exeter City Council, we have developed a spreadsheet to calculate the cost of a variety of scenarios which illustrate ‘Spend to Save’. In order to do this we have made assumptions which are founded on information from reliable sources.
Young people who had struggled to find their way on to the training or work ladder, have through BEEP, together with support from their volunteer mentors, secured training and moved on to work which will benefit themselves, their communities and the local economy. The future looks positive for our apprentice bricklayer, our apprentice classroom assistant and our IT technician. But what if £550 hadn’t been spent and they had not been helped through the BEEP programme and by the volunteer mentors?
Joe says “By providing these individuals [BEEP mentees] with routes to employment the financial dependency on the state is considerably reduced and the money they earn will often be spent in the local economy on day to day goods and services.”
To find out more about BEEP how you can contribute and make ‘Spend to Save’ a reality please visit the BEEP website