In November 2015, over half a million people in the UK had been unemployed for over 12 months.
We are interested in investing in sustainable opportunities that tackle long-term unemployment for adults and youth in the UK.
A number of groups are disproportionally represented in the unemployment statistics including disabled people, people over 50, ex-offenders, ex-service personnel, the homeless and certain ethnic minority groups. Additionally, nearly one million young people (between the ages of 16-24) are not in education, employment or training. Whilst this age group makes up only 13% of the UK population, it accounts for almost 40% of all those who are unemployed.
Being unemployed for over a year can have a significant impact on a person’s confidence, wellbeing and finances, and can lead to them being excluded socially. Meanwhile for Government, unemployment comes at a great expense with the Jobseeker’s Allowance and Employment and Support Allowance benefit payments representing a direct cost to the government of £5.3 billion and £9.6 billion respectively in 2013/2014.
Social investment can improve employment outcomes for these groups in multiple ways
We are particularly keen to support
- Innovative models that trial new ways of improving outcomes for job-seekers with complex needs
- Models that focus on prevention and early intervention by improving employment support in schools or support the transition from school to work such as Teens & Toddlers
- Apprenticeship brokerage models that create opportunities for disadvantaged groups
- Models that support greater corporate engagement in the employment space (see the Business Impact Challenge for more ideas)
- Models that enable social organisations to play a greater role in delivering employment services by building their capacity to win and deliver contracts
Please reach out to us if you would like to explore these ideas further. We are particularly looking to partner with organisations bring specialist knowledge of specific social issues and strong networks to scale viable interventions, such as Macmillan Cancer Support who co-developed the Care and Wellbeing Fund.