Volunteers from 72 projects will receive a grant of up to £2,500 at the launch of the initiative on 21 July at Reading Football club. Volunteers will also take part in workshops run by young people from v20, v’s youth advisory board. It is the first of four vcashpoint grant rounds to be awarded.
The charity is offering the grants in partnership with HSBC Bank to young people aged between 16 and 25. It will give out a total of £1 million over two years.
HSBC has committed £500,000 over two years to vcashpoint as part of the vMatch Fund programme. The Government will also match up to 100 per cent of private sector donations to youth volunteering projects.
This is a separate funding pot to the £70 million in grants that will be given out over the next three years to transform youth volunteering, including the establishment of v teams in every local authority.