£16M place-based youth employment programme launches from Burnley to Brent
Youth Futures Foundation has announced the places that will benefit from its ‘Connected Futures’ grants programme, following its increase in funding through the Dormant Assets Scheme. Launched to join up support for young people across different agencies and services, the now £16m fund, will be targeted at seven localities in England with some of the highest NEET rates and deprivation indicators.
The flagship programme will see local partnerships from Burnley to Brent receive funding to establish new systems that provide young people who face more barriers to employment, with the connected and consistent support they need to get good jobs.
Areas and lead organisations set to benefit from the cash boost include CXK for work in Hastings, Hull-based Humber Learning Consortium, Right to Succeed in Blackpool, Burnley-based The Calico Group, East Midlands Local Enterprise Partnership D2N2 and London-based Young Brent Foundation and Lewisham Council.
The series of local group partnerships will explore a range of options, including early intervention, post-school support for young people who are already NEET, and “end-to-end” assistance for young people from 14 up to 25.
Currently, one in 10 young people in the UK are not in employment, education or training (NEET). In places like Blackpool and Burnley, rates of youth unemployment are twice as high as neighbouring areas. According to research by PwC and Youth Futures, UK GDP could benefit by £38bn by lowering levels of young workers classed as NEETs to German levels.
Through Connected Futures, and dormant assets funding, Youth Futures aims to develop, test and evidence the best approaches to breaking down barriers and improving access to employment for young people from marginalised backgrounds.
A 12-week consultation on the future use of dormant assets in England, the source of Youth Futures’ funding, was launched this month. The expanded scheme could release more than £880m of additional funds.
Youth Futures hopes to secure further funding to support more marginalised young people into good jobs through place-based initiatives, by working with employers, focusing on prevention and continuing to scale up effective practice by building its evidence base of what works.
Matthew Poole, director of Grants and Investment at Youth Futures Foundation, said: “Thanks to the additional dormant assets funding we have scaled up our flagship place-based programme by an extra £10m. This means more underserved areas will now benefit from the indispensable support and funding that our Connected Futures programme can offer.
“By providing flexible funding, Youth Futures encourages grantees to foster collaboration, innovation and risk-taking whilst acting as a catalyst for wider change, we cannot wait to see what these local group partnerships have in store for young people within their community.”
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