The Home Office announced today that Social Investment Business is one of three partner organisations responsible for delivering the Youth Endowment Fund - a ten-year initiative aimed at preventing children and young people from getting caught up in crime and violence.
The Youth Endowment Fund will put early intervention at the heart of efforts to tackle youth offending by helping programmes and community partnerships reach those at most risk - giving them the best possible support, as early as possible, and getting them set on a positive track and succeed.
The fund will be run by Impetus, an organisation focused on transforming the lives of disadvantaged young people, in partnership with Social Investment Business and the Early Intervention Foundation. We view this partnership as a generational opportunity to prevent youth offending, and to tackle this problem in the long-term.
In combining strengths from the three organisations, we maximise the potential impact of the Fund. The partnership brings Impetus’ expertise in building effective charities and programmes for disadvantaged children, the Early Intervention Foundation’s knowledge of how to intervene early to improve outcomes, and Social Investment Business’ expertise in running major government projects, designing and managing grant programmes that are fit for purpose, and building the resilience of charities and social enterprises.
Hazel Blears, Chair of Social Investment Business, said of the news,
"The Youth Endowment Fund provides a unique opportunity to address the causes and impact of serious violence, which is blighting the lives of our children and young people. At Social Investment Business, we have decades of experience in working with communities to tackle complex issues, to build resilience and to prevent further harm. We are delighted to be working with our innovative and committed partners to help protect young people and their families from the devastating effects of serious violence."
Social Investment Business’ CEO, Nick Temple, added
“We are hugely excited to be working with Impetus and the Early Intervention Foundation to deliver the Youth Endowment Fund. The partnership’s combination of expertise and experience gives us confidence that we can tackle serious violence amongst children and young people in the long-term. For Social Investment Business, our involvement reflects our strategic aims to use evidence and learning to inform the design of funds and programmes, and to seize opportunities to have a transformative impact.”
The Youth Endowment Fund will take a public health approach to tackle the root causes of youth offending, placing an emphasis on early intervention with children and young people (especially 10-14 year-olds), and galvanising multi-agency action across different sectors, such as local government, education, social services, youth offending, health and probation.