Hymans Robertson Foundation extends its Bursary for Young People
24 Mar 2021
The Hymans Robertson Foundation has doubled funding for its Bursary for Young People. First launched last October, funding from the Bursary continues to prioritise supporting 16-25 year olds into jobs, volunteering, and further education as well as financially supporting young people at the senior end of school.
The Bursary is delivered through the Foundation’s existing charity network and the initial applications were managed by the Foundation’s partners: The Prince’s Trust, Barnardo’s, Works + (Scottish Borders) and FARE (Greater Glasgow). Over the last three months, over 50 young people in the Scottish Borders, Glasgow and North England have been supported by the funding. From April 2021, funding for the Bursary Fund will not only be doubled but it will involve a wider range of community-based charities across the UK to help distribute the available support.
Launching the Bursary Fund, the Foundation's Chair, Clive Fortes commented:
"Young people have been disproportionately affected by the ongoing Covid19 pandemic, and we continue to see the impact as we reach the sombre one-year anniversary of the first lockdown. Entry level employment opportunities have been significantly impacted and traditional routes to high-vacancy employment (retail, hospitality, travel and tourism) have contracted. By doubling our funding and involving a wider range of community-based charities across the UK, the Bursary Fund has the potential to reach a further 250 young people over the next 12 months. In a similar way to our Hardship Fund rollout, we will work with our local offices and communities to ensure the funds reach the young people who need the help most.
“Our financial education charity partner, MyBNK, will continue to provide the critical wraparound support for Bursary holders to ensure that young people’s understanding of personal finance is also supported through the Bursary.”