Prison sales no 'cash cow'

Monday, 6 February 2017

Building magazine examines progress on the government's new-build prisons programme concluding that the sale of 'old Victorian' prisons is unlikely to be a 'cash cow' for the Treasury.

The article questions the profitability and viability of closing and selling old prisons to fund new prisons. Complications include the cooling of the property market, the pressure from local authorities to maximise affordable homes on prison sites, and the high costs of redeveloping listed buildings.

The full article is available free to view on the Building magazine website (but you will need to provide your email address and name to read it in full).

The Centre for Crime and Justice Studies is currently running a two year project Justice Matters: A community plan for Holloway. Following the closure of HMP Holloway in North London, we are conducting a community consultation to model credible alternatives to prison buildings that benefit the local community. To find out more, click here.