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
- Timewise Foundation (formerly Women Like Us)
- The Forth Sector & Barnardo’s
- Edinburgh Cyrenians
- Glasgow Youth Employability Partnership
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.
Timewise Foundation (formerly Women Like Us)
Timewise Foundation 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. Timewise Foundation 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, Timewise Foundation 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 more than 20 years ago, the Forth Sector uses a social enterprise model to deliver its work supporting socially disadvantaged people in Edinburgh to move into meaningful employment. At the same time, 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 support through funding and employee engagement will enable these two organisations to work in partnership to address youth unemployment in Scotland. They will achieve this through the development of a pilot programme which utilizes existing support measures and services with a proven track record and 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 to the world of work; iii) manage a successful transition from education into employment.
WorkingRite is a charity based in Scotland that 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 becoming 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.
Funding from J.P. Morgan will enable WorkingRite to build its capacity in Edinburgh & Glasgow in order to increase the employment opportunities for unemployed young people. It will also help the organisation attract new revenue streams and develop a programme aimed at supporting a younger cohort as they transition from school into work.
Edinburgh Cyrenians has an outstanding track record in pioneering creative solutions to contemporary problems faced by people on the margins of society; homelessness, poverty, deep unemployment and recovery from personal problems. Currently the majority of support for unemployed young people is reactive and only accessible to post school-leavers. Research from City of Edinburgh Council highlighted the need for early identification of potential high-risk young people and for a strategic, pro-active prevention service.
In response, J.P. Morgan will support Edinburgh Cyrenians to develop a proactive Youth Unemployment Prevention Service offering a personalized plan of assistance to young people who are approaching school leaving age and who have been identified by their school as high-risk of becoming long-term unemployed. Previous funding in 2010 allowed the organization to build capacity for the Cyrenians’ Social Enterprise Trainee Programme, developing a larger, significantly improved and financially sustainable service which increased provision by 81% with 65% of the young people supported transitioning into paid employment. J.P. Morgan’s employees also contributed over 300 hours of volunteer service as well as facilitating introductions to help open routes to employment for enterprise trainees.
Glasgow Youth Employability Partnership
The Glasgow Youth Employability Partnership (YEP) was established in 2008 and is led by the Glasgow City Council. YEP takes a strategic approach to youth employment through a partnership of key employability agencies and its main aim is to align service provision to increase and sustain the number of young people in Glasgow progressing to education, employment or training.
Funding from J.P. Morgan, in partnership with the Scottish Government’s “Opportunities for All” initiative, has developed a new model of support offered to unemployed young people entitled Connect with Enterprise. This will be the first programme to connect YEP to local businesses and to provide participants with a general introduction to enterprise. The model will: 1) deliver sector specific skills necessary for employment; 2) provide opportunities to use the sector to generate self employment as a sole trader or SMEs; 3) provide connections to businesses in that sector. UK Youth Employment Minister, Angela Constance, MSP attended the Glasgow graduation ceremony of the first cohort, acknowledging their achievement and success.