Shortly after the official launch of Investing to Save this week, we discovered the report was already being mentioned in psychological health and financial circles internationally…So a lot so, that the workforce at KPMG has began to put together a presentation for a convention in Europe subsequent month, and nearer to house the suggestions on the info and proof reported has been extraordinarily constructive.
Nearly 12 months in the past, when we first began this venture and KPMG provided to assist us with the problem of creating greatest proof for funding in psychological health, we knew it was an enormous activity. But we additionally knew it will present us all with the financial reasoning, and clout, to push for psychological health reform in key areas. Areas that make a distinction.
As our Chair Jennifer Westacott stated in her speech launching Investing to Save on Tuesday, the primary saving we are speaking about in this report, is saving lives. This report is start line for motion. A place to begin for motion and additional advocacy based mostly on sound financial modelling .
We all perceive the human and social advantages of caring for individuals with psychological sickness experiencing homelessness, however you solely have to look so far as Recommendation 2.1 Housing First for 15-24 yr olds to see the monetary financial savings attainable.
For each $1 spent on Housing First fashions, $three is generated within the brief time period (1-2yrs) and $6.70 is generated in the long run (three+yrs) – this is supported by a robust proof base that Housing First fashions work.
So if we act on one thing that we know works – that’s supported by robust proof and that we now know will ship financial advantages – not solely will we save cash, we will additionally save lives by offering 15-24 yr olds with protected, safe housing and a greater probability to contribute to their group.
To act on this report, and unleash its true worth, we now have a whole lot of work to do. Work that we’ve been enterprise for a while advocating for higher and extra focused investments, and work that we will additionally now give you the chance to measure, each brief and long run.
The true success of a report like this, is to produce one thing that we can all use, and hold going again to for shaping technique, reinforcing present expertise and information, for exploring new investments and proof, and finally, for serving to us advocate for the proper reform.
If you haven’t but had the time to learn Investing to Save I encourage you to so. And in case you have learn it, thanks, however I’d encourage you to learn it once more as a result of it’s well worth the time to absolutely respect the worth of the proof and modelling now out there to us all.
KPMG has produced this report for the psychological health sector, of a world commonplace, on a totally professional-bono foundation, and for that we are extraordinarily grateful.
I might particularly like to thank Andrew Dempster, Chris Schilling and the KPMG challenge staff for all their exhausting work on Investing to Save in addition to the Mental Health Australia coverage staff led by Josh Fear, alongside Belinda Highmore and Emma Coughlan for his or her experience and dedication.
As Jennifer stated in her speech on Tuesday, which you’ll be able to watch right here, we are all now the custodians of this report, and it’s up to us to act on it, and advocate for it. A job we’ve began to do already. And a job that will save lives.
Chief Executive Officer