Define the Market for Charitable Trust which would be willing to fund Working for Youth Project

Malla, Biraj (2012) Define the Market for Charitable Trust which would be willing to fund Working for Youth Project. [Dissertation (University of Nottingham only)] (Unpublished)

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The experience of unemployment can be particularly damaging for young people, as evidence shows that those who experience prolonged worklessness when they are young are likely to suffer lifelong effects on both earnings and employment prospects(Paul Bivand, 2012). For this reason tackling youth unemployment needs to be a policy imperative.

Nick Hurd Minister for Civil Society said: “We must ensure that we harness the energy and innovation of our young people and ensure that they get sustainable jobs with career

development opportunities. The government recognizes that Voluntary, Community and Social Enterprise organizations have unique skills and experience in addressing this important issue(Cabinet Office, 2012).

On this note, Working for Youth (WFY)initiative is being launched, with support of many UK leading businesses, with an aim to stimulate creation of over 200,000 new jobs for young

people by 2014. The project is initially chartered by Standard Chartered Bank & Experian UK

which aims to connect unemployed youth with the vacancies advertised by the employers (especially from SMEs) which is meant to target the young people in UK. It also offers

mentoring and career advice in order to bridge the gap that exists between the unemployed youth and the job market.

Fundraising can shape the character of a project, and can affect project values. The fundraising

strategy should be influenced or determined by the project values, not the other way around(Norton, 2009). When nonprofits organization and funding sources are not well

matched, money doesn't flow smoothly into the project(Landes Foster, 2009). National Council

for Voluntary Organizations(NCVO) report in 2012 suggests that there are numerous charitable trusts and foundations in the UK distributing £4.6 billion in grants annually to the organization with those they support in UK.

This report looks to explore and define the market for charitable

trust in UK, which would be willing to fund WFY’s project.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 07 Jan 2013 16:31
Last Modified: 21 Mar 2022 16:10

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