The Careers and Enterprise Company in England has awarded two rounds of Grant Funding 2015 – 2017 to a wide range of careers programme providers, designed to ensure more young people have encounters with the world of work. This includes a table below setting out funding which has been awarded to organisations as part of the Careers & Enterprise Fund 2015 (CEF2015), the Mentoring Fund (Mentoring), the Careers & Enterprise Fund 2016 (CEF2016) and the Opportunity Areas Fund (OAF).
I came across a link on Twitter which gives a detailed overview of CEC Grant Recipients and funding awarded – http://www.forum-talent-potential.org/wp-content/uploads/CEC_investment-list_2018.pdf
Below is a summary of all recipients :
Total investment = £15.2million:
- £3.8m (25%) spent on mentoring;
- £1.6m (10%) spent on Opportunity Areas (OAFs);
- £5.9m (39%) spent on Careers Enterprise Fund 2015; and
- £3.9m (26%) Careers Enterprise Fund 2016.
When it comes to government funds there are four key tests that need to be met:
- Is this embedded?
- Is this sustainable?
- How much does it cost and does this offer value for money?
- Do current funding arrangements ensure impact and added-value returns?
When it comes to the Careers Strategy there are three key tests to be met when thinking about careers support for young people
- Do young people have access to impartial and independent careers advice from trained and qualified professionals?
- Do young people have somewhere local to go to for good quality careers advice?
Keen to hear your thoughts – email: firstname.lastname@example.org