Caritas Anchor House

Working at the heart of homelessness

Anchor House saves tax payers and society £5 million

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Anchor House saves tax payers and society £5 million

6th October 2011

A report undertaken by experts at Oxford Economics has found that Anchor House, a residential and life-skills centre in Canning Town, Newham, provides £3.98 in benefits to society for every £1 invested in its operations.

The report also found that Anchor House saved the NHS £22,000 in hospital admissions, £14,000 in hospital outpatient treatments, £10,000 in acute mental health services and £5,000 in A&E treatment. 

Anchor House director, Keith Fernett, says the charity decided to put itself under the microscope in the lead up to its 17th October £9.3 million appeal launch to prove to its supporters how much of a difference they are indeed making. 

“We are in the business of turning lives around and as a result of our work there are huge cost savings to society,” Mr Fernett said.

“Because of our grass-roots support we saved society up to £3.2 million from lower crime, £388,000 through increased employment and £225,000 by hosting Alcoholics Anonymous.”

Click here to download a copy of the report.

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