Corporate Responsibility in the United Kingdom
J.P. Morgan is committed to building vibrant communities, preserving our environment and promoting an inclusive culture across the globe that benefits people not only today, but for generations to come.
Globally, J.P. Morgan, through the JPMorgan Chase Foundation, makes philanthropic investments in cities where it has major operations, assisting those suffering disadvantage to help them build better lives for themselves, their families and their communities. Across Europe, the Middle East and Africa, the firm focuses its investment and attention on three pillars: Economic Development, Financial Empowerment and Workforce Readiness. Across the United Kingdom our commitments include:
- Social Mobility Foundation
- Women Like Us
- The Forth Sector & Barnardo’s
Participle is a social enterprise delivering large scale innovation projects by creating significant partnerships with private, third sector, local and central government organisations. These projects develop the next generation of public services, innovating practical, affordable solutions to the big and seemingly intractable social issues of the 21st century. Participle has developed new public services in the areas of aging population, ‘chaotic’ families and youth, all of which are being scaled across different locations in the UK.
Previous funding from J.P. Morgan enabled Participle to build Backr, a platform that uses social networks to create career opportunities and momentum for people out of work and in work, connecting them to the small businesses that will drive job creation. Backr is now a ‘live’ service operating on the ground in the London Borough of Lambeth. Following the success of this pilot, where Participle has built traction on the ground and produced tangible results, J.P. Morgan is now partnering with Participle to enable the scaling of Backr and the launch of a new integrated service targeted at small businesses to enable job creation. The grant will ensure that the delivery capacity and membership base of Backr grows across south London to over 2,000 active members over 2 years. In addition to this, Participle will explore how Backr would operate outside the South East to prepare for national scaling.
Social Mobility Foundation
Social Mobility Foundation (SMF) is a charity that supports young people from low-income backgrounds into top universities and professions. Through its Aspiring Professionals Programme (APP), the charity provides young people with a holistic programme of mentoring, work placements, university application support and skills development throughout their sixth-form and university years.
In 2012, J.P. Morgan’s support enabled SMF to introduce a Banking/Finance pilot to their established APP, targeting students outside of London. 50 high-achieving young people from low-income backgrounds from across the UK took part in the first year of APP, which included a 2 week work placement in revenue-generating roles at J.P. Morgan in London, skills workshops and an e-mentor from J.P. Morgan. The pilot succeeded in raising aspirations, confidence and awareness of the students. Following the work placement 91% of the participating students said they would be interested in working for J.P. Morgan in the future and 96% of participating students changed their choice of preferred university, of which 57% more positions at Russell Group universities were being considered.
Building on the success of the pilot, further funding from J.P. Morgan will ensure that the programme will continue at J.P. Morgan for 2 more years (in 2013 and 2014), allowing 2 new cohorts of 50 high-achieving young people from across the UK to participate. This group of young people will be supported to enter top universities and make competitive applications for work placements or employment opportunities with prestigious financial services firms.
Women Like Us
Established in 2005, Women like Us (WLU) is an award-winning social enterprise, which aims to address the difficulty of finding quality part-time jobs to deliver business benefits for employers and social impact on maternal worklessness, child poverty and gender inequality. WLU have built up a strong track record in careers advice and support for women looking for flexible employment, particularly from low-income backgrounds; recruitment specialising in quality part time and flexible roles; and public affairs, providing thought-leadership in the quality part time vacancy market.
J.P. Morgan’s support will go towards implementing the ‘Raising Family Living Standards through Part Time Jobs’ programme, tackling worklessness and falling living standards among low and middle income families. The programme will stimulate the creation of a quality part-time jobs market, working directly with over 350 employers (including small businesses) to generate 1,000 new permanent quality part-time vacancies (£20,000 pro rata). In tandem, WLU will offer dedicated job brokerage support to women from the most disadvantaged backgrounds, enabling a minimum of 250 parents to secure quality part-time employment that will both raise their household income and enable them to balance work with caring responsibilities.
The Forth Sector & Barnardo’s
Established for more than 20 years, the Forth Sector uses a social enterprise model to deliver its work, supporting socially disadvantaged people in Edinburgh to move into meaningful employment. Barnardo’s is one of the U.K.’s most influential children’s charities, whose purpose is to help the most vulnerable transform their lives. They have a large presence and strong track record in Scotland, where they have more than 80 diverse services for children, young people and families that are locally based and address local needs. J.P. Morgan’s funding will enable the Forth Sector and Barnardo’s to work in partnership to address youth unemployment in Scotland through the development and pilot of a new programme. This programme will utilize existing support measures and services with a proven track record of success, joining up a number of key stakeholders, including educators, social services, local government and employers. Early and sustained intervention throughout secondary education is key, and the programme aims to i) prevent school drop out; ii) enable young people whilst still in education to have a meaningful and realistic connection with the world of work; iii) manage a successful transition from education into employment.
WorkingRite is a charity based in Scotland that has developed and delivers a unique, robust and highly successful model for helping young people into vocational work and apprenticeships. Aimed at school leavers with low qualifications, their workplace-based provision provides opportunities for unemployed young people to learn from adults, mature as people, and find a way into real jobs. WorkingRite is currently on the threshold of being a significant provider across the U.K. to hundreds of young people per annum, with a reputation as a pioneer in work-based learning and mentoring for young people. J.P. Morgan support will enable WorkingRite to advance its programme in Scotland to meet escalating need by increasing employment opportunities for unemployed young people in Edinburgh in Glasgow and by building up their capacity as an organisation enabling them to attract new revenue streams and developing a new programme aimed at supporting a younger cohort as they transition from school into work.