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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Youth Futures Foundation is starting to build a panel of evaluators with the relevant skills and experience to conduct high quality evaluations of youth employment initiatives funded through our Impact grants. This is an opportunity to play a founding role in this collaborative endeavour to generate robust findings that can be used to improve outcomes for disadvantaged young people.
We are beginning the Expression of Interest stage now, as we expect to require evaluators to start working with projects in summer 2020. However, at this stage we will only select a small number of teams, given that some of our funding activities are likely to be delayed by the Covid 19 pandemic. We anticipate there will be further opportunities to join the panel in the future.
Youth Futures welcome the latest UK data on youth employment released by ONS today, which show a continued rise in the number of young people who are in education, training or work.
‘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.