£10 million social incubator fund launches

July 31, 2012 12:45 am Published by

Start-up social ventures will now be able to access intensive support through the new £10 million Social Incubator Fund, which was launched today by Minister for Civil Society Nick Hurd. Big Society Capital, which was launched in April 2012, provides significantly improved access to capital for more established social ventures. The Social Incubator Fund will strengthen the growing social investment market by providing start-ups with intensive support to enable them to take advantage of social investment opportunities so they better serve communities and people most in need. To help grow the market and support smaller organisations the Government has introduced the Investment Readiness Programme to support social ventures. This programme has two elements: the £10 million Investment and Contract Readiness... View Article

Latest Labour Market Information

July 20, 2012 2:31 pm Published by

Unemployment is 2,584,000, down 30,000 from last month’s published figure, and the unemployment rate is 8.1%, down 1 percentage point on last month. The number of claimant unemployed is 1,604,200, up 6,100 on last month, and the claimant rate is 4.9%. The number of workless young people (not in employment, full-time education or training) is 1,488,000, up 76,000 in the quarter, representing 20.4% of the youth population (up 1.1 percentage points in the quarter). Youth unemployment (including students) is 1,024,000, down 10,000 in the quarter, but up 10,000 on last month’s published figure. There are 5.5 unemployed people per vacancy. The employment rate is 70.7% (up 0.1 percentage points on last month’s published figure and up 0.3 percentage points in... View Article

They graduate full of hope, then reality kicks in

July 5, 2012 11:23 pm Published by

Who would want to be leaving school or university this summer? When I finished my education five years ago, the default setting among escapees was optimism.  Sure, we were sad to wave goodbye to friends, fancy dress festivities and — for some of us, at least — studying, but there was a wider world of work we wanted to be part of. Today, that feeling must have turned into despair. According to research released this week, an average of 73 graduates will be chasing every job. But if the situation sounds dire for the highly educated, imagine how those without letters after their names feel as they fire their CVs off into the abyss. More than one in five 16-... View Article