The government-backed The Careers & Enterprise Company today has announced the successful bidders for its latest round of funding from its investment fund which will target almost 20,000 students across the country.
The fund will focus on students who are about to begin their GCSEs but risk under achieving and falling behind their peers. This can impact on their future earning potential and career later in life.
In total, 39 mentoring organisations have secured funds following a competitive bid process to scale up tried and tested employer mentoring programmes. The investment is part of a wider first tranche of a £12 million fund administered by the Company which aims to boost social mobility by creating a new generation of mentors from the business community.
The successful applicants
|The Diana Award||£403,134|
|The Prince’s Trust||£302,595|
|East London Business Alliance||£191,197|
The fund is part of the government’s broader commitment to level up opportunities and create a country that works for everyone.
Apprenticeships and Skills Minister Robert Halfon said:
“We want a country that works for everyone, not just the privileged few. A good mentor can be instrumental in unlocking a young person’s potential and these grants will help more young people benefit from that, ensuring they are climbing the ladder of opportunity and that there is no limit on their ambition.
Mentoring helps improve focus and attainment, raises aspirations and provides valuable support – especially for those who are underachieving or at risk of dropping out of education.”
Research by The Careers and Enterprise Company published earlier this year found that young peoples’ level of engagement with education varied significantly by region and showed a clear north/south divide with the most disengaged regions in the north of the country.
For example, in Tees Valley – the area with the highest levels of disengagement – 4 in 10 young people are not making expected progress in English and Maths, while in Buckinghamshire Thames Valley - the area with the lowest levels of disengagement – only 2 in 10 young people are not making expected progress in the same core subjects.
Claudia Harris, CEO of The Careers & Enterprise Company, said:
“Too many young people across England are at risk of not achieving their full potential. This can have a lasting impact on their future and career later in life.
Employer mentoring is a powerful way to address this issue by helping young people get inspired about the world of work. Our fund will work to unlock this inspiration by scaling up proven mentoring programmes to help boost social mobility and give young people great life changing experiences.
I would encourage anyone who wants to get involved in mentoring to step forward and join this mentoring movement and make a real difference to the lives of young people in their local community.”
The company also announced today that the next round of investment from its careers and enterprise fund is now open for applications. The company will invest more than £5 million to support pupils in secondary schools and colleges most in need. This includes £1 million to scale up high quality programmes in the six government identified Opportunity Areas of West Somerset, Norwich, Blackpool, Scarborough, Oldham and Derby.