I want to highlight a set of figures released on July 26 which reveal how the economy has gained a significant boost from an unexpected quarter – a charity.
Research by NEF Consulting shows that The Prince’s Trust has made a £1.4billion contribution to society over the last 10 years.
It’s done this by moving young people out of unemployment and into outcomes which ultimately benefit the economy.
Since 1976 we have supported 825,000 young people, with three in four achieving a positive outcome – moving into education, employment or training.
As well as helping over 80,000 young entrepreneurs to set up in business, it has supported some of our most vulnerable young people to get off benefits and start learning or earning.
By working at a grass roots level, the trust has helped generate green shoots where there might have been nothing.
These young people have gone on to be a real financial benefit to the UK as a whole.
Whatever times lay ahead for the UK economy, The Prince’s Trust will be there for the next generation of young people who need our support to flourish.
North of England Director,
The Prince’s Trust,
C/o Eldon Street,