With Youth Unemployment being higher than 11% in the UK and almost 14% of 16-24 year olds in England being NEET, integrating young people into the job market proves challenging. For care leavers, the situation is even more devastating: In 2013-14, 41% of 19-year-old care leavers were NEET. With the system requiring them to sign off benefits the moment they secure paid employment, many care leavers are forced to turn down a job, because they don't know how to make it through the first month.
Having supported care leavers into employment for the past 6 years, we sympathise with every young person telling us that they cannot accept a job because it would shatter their financial stability. This trap essentially robs young people of valuable opportunities and hinders them embarking on a career of their choice. We're setting up a fund to help our clients to overcome temporary financial hardships related to them moving into employment.
It costs the UK tax payer an enormous amount of money to keep a young person on benefits each year. We've always argued, that by supporting care leavers into meaningful employment, we're not only cutting public expenditure, but we're also creating measurable profits for society as a whole, by keeping young people off the streets and providing them with realistic perspectives. We expect that by adding this fund to our portfolio, we can create even more positive futures for care leavers in the UK.
This project has provided additional documentation in a PDF file (projdoc.pdf).