We are pleased to announce the launch of our Bursary Fund for 16-25 year olds. Funding will be prioritised to support young people into jobs, volunteering, further education and may also be used to financially support young people at the senior end of school.
The Bursary will be delivered via our existing charity network and applications managed by the Prince’s Trust, Barnardo’s, Works + (Scottish Borders) and FARE (Greater Glasgow). Bursary applications will open on 12th October and the fund will operate for at least 18 months until April 2022.
Launching the Bursary Fund, our Chair, Clive Fortes commented:
“Young people are, and will be, disproportionately impacted by the UK recession and ongoing Covid-19 restrictions. Entry level employment opportunities have been significantly impacted by the pandemic and traditional routes to high-vacancy employment (retail, hospitality, travel and tourism) have contracted.
Our charity partners advised us of the urgent need for higher intervention in retaining young people in positive destinations – education, retraining and employability programmes, and volunteering – in the short to medium term. The Bursary is our response to this, and complements the UK and Scottish governments’ youth guarantee and employment schemes. Our financial education charity partner, MyBNK, will provide critical wrap-around support for Bursary holders to ensure that young people’s understanding of personal finance is also supported through the Bursary.
For information please contact Marcella Boyle, CEO, at [email protected]