Boost for disadvantaged British youths

Boost for disadvantaged British youths

HSBC is donating GBP30m over the next three years to four UK charities working with some of the nation’s most vulnerable young people.

The Opportunity Partnership sees the leading youth charities Catch22, St Giles Trust, The Prince’s Trust and Tomorrow’s People come together to target 16 to 25 year olds who are not in work, education or training with programmes aimed at helping them move into one of those states.

By the end of 2015 25,000 youths will have benefited from employment skills training programmes run by the charities and HSBC employees will be able to offer their skills through coaching and workshops. By working together, the charities will be able to expand their schemes where there is greatest need and secure the best opportunities for the young people they support.

Nick Clegg, Deputy Prime Minister of the UK, praised the initiative, remarking: "The Opportunity Partnership is real support from HSBC that will allow these fantastic charities to expand their employability programmes and benefit more young people, their families and communities."

Martina Milburn, Chief Executive, The Prince’s Trust welcomed our investment, saying: "This new partnership with HSBC marks a real breakthrough in the fight against youth unemployment."

Over the next three years the Opportunity Partnership will also create 100 roles for young people to act as ‘Job Ambassadors’. They will be individuals who have turned their lives around with help from The Prince’s Trust and now encourage other young people from disadvantaged backgrounds to take this step. As part of the Partnership, the 100 Job Ambassadors will direct young people to the most relevant programme from one of the four charity partners.

HSBC will also offer those helped by the Opportunity Partnership an interview to join our Apprenticeship programme, the first of its kind run by a major bank in the UK. By the end of this year 1,500 people will have started an Apprenticeship programme with HSBC since the scheme launched.

Antonio Simoes, Head of the UK Bank and Retail Banking and Wealth Management, Europe, said: "I am proud of this new partnership and how, with the right support, we can help disadvantaged young people find fulfilling opportunities through education, training and work."

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