Four youth charities have been awarded a share of a £30m donation from HSBC to get 25,000 of the most vulnerable young people in the UK into education, training or work.
In a programme called the Opportunity Partnership, the St Giles Trust, Catch 22, the Prince’s Trust and Tomorrow’s People will work to expand their employment skills programmes to hit the target over the next three years.
HSBC said the donation was being made to charities with proven track records so that they can rapidly expand their programmes across the UK.
A spokeswoman for the St Giles Trust said different amounts were being giving to each charity. The £30m is being donated in chunks of £10m a year over three years.
She said the approach would bring together the four charities, which operate in similar areas, rather than have them compete. It would encourage the sharing of best practice and collaborative working, she said.
The project is aimed at 16 to 25-year-olds who are not in work, education or training and face additional barriers such as homelessness, poverty or mental health problems.
Beneficiaries will also be offered interviews for the HSBC Apprenticeship programme, which allows those joining the bank in entry-level jobs to gain qualifications while they work. The bank’s employees will also support the programme with 3,000 skills-based volunteering places in mentoring, coaching and delivering workshops.
Chris Wright, chief executive of Catch22, said: "With this support, Catch22 will be well placed to target small and medium-sized enterprises – helping to remove some of the barriers they face in taking on young people and offering apprenticeships."
Antonio Simoes, head of HSBC Bank UK, said: "I am proud to be supporting this new partnership. We will also support out employees in lending their support to these initiatives."