Youth Futures Foundation Limited (YFF) was established in February 2019 in response to the government’s commitment to allocate £90m of dormant asset funding to youth opportunities.
We are an independent company limited by guarantee. The £90m of dormant assets funding we have received presents a real opportunity to deliver lasting impact for young people furthest from the labour market.
There was extensive consultation with a variety of stakeholder groups prior to the establishment of YFF.
The Government announces it will allocate £280m to initiatives across England to grow social investment, help disadvantaged young people into work, and increase financial inclusion.
- An extensive consultation takes place to determine how best to spend the dormant asset funding. Preparatory work takes place with young people and grassroots youth organisations across England. These stories and ideas from young people facing multiple barriers to employment and training highlighted not only the scale of the challenge they face but also the potential for impact where services and funders work together innovatively.
- The Government announces that a new organisation, with the ability and remit to set its own strategy, will be established.
- Youth Futures Foundation is set-up to deploy the £90m from dormant assets allocated to helping disadvantaged young people into work. What are dormant assets? Read more in our FAQs >
We are grateful for the support of the National Lottery Community Fund, Department of Digital, Culture, Media & Sport, and the wider youth sector for their contribution in the lead up to our establishment.
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‘A few weeks into my new job and I am working with our committed team to refine our strategy and pave the way for the Youth Futures grants programme to open in the first quarter of 2020.’ New CEO, Anna Smee, outlines way forward for Youth Futures Foundation.
We are recruiting for two additional Directors to join our current Board and both roles are reserved for young people living in England who have direct or indirect experience of facing challenges when trying to get into work.
The Youth Futures foundation is seeking a strategic partner to deliver end to end grant-making administrative services for our first grant-making round.