There are nearly one million unemployed young people in the UK.
Energise is a programme delivered by charity Adviza, that works with 14 to 15 year olds across the Thames Valley to build resilience, confidence and aspiration among vulnerable young people, and prevent them from becoming unemployed.
The programme is financed through a Social Impact Bond, managed by Social Finance. The investors, including Big Society Capital, Esmee Fairbairn Foundation and Barrow Cadbury Trust, provided the finance for the programme, assuming most of the risk. Based on successful outcomes, the Department for Work and Pensions will repay the investment out of long-term savings to the taxpayer.
Find out more about social investment at www.bigsocietycapital.com