JPMorgan Chase has recently announced the renewal of its commitment to The Careers & Enterprise Company (CEC), England's national body for careers education. This renewed commitment includes an additional £2.5 million pledge to CEC, with the intention of supporting the organization and building upon insights gleaned from the program's pilot phase.
The aim of this renewed commitment is to extend support for young individuals in their career decisions, enhancing employability skills, and maintaining engagement in education or training. With the addition of £2.5 million, the initiative aims to use program evidence to create a blueprint for nationwide interventions that assist youth facing career advancement barriers. This collaboration between JPMorgan Chase and CEC is part of the firm's $75 million Global Career Readiness Initiative. According to a press release by JPMorgan Chase, it seeks to drive change by facilitating testing and demonstrating impact, ultimately preparing young people for job opportunities and advocating for policy improvements.
"Our work with JPMorgan Chase is having real impact on young people from low income or disadvantaged backgrounds, who face the biggest barriers and need the most support. But we must go further and that’s what this renewed partnership will help to do," said Nicky Morgan, chair of The Careers & Enterprise Company, according to a press release by JPMorgan Chase.
According to information provided on CEC's About webpage, CEC serves as England's national body for careers education, promoting contemporary career education within schools and colleges. Its primary objective is to assist all young individuals in identifying their best next step. Through partnerships with schools, colleges, and employers, CEC aims to enhance career education and secure positive outcomes for youth. Operating nationally, CEC uses its network of careers Hubs to connect schools, colleges, employers, and apprenticeship providers at a local level. It collaborates with local authorities and Mayoral bodies to address regional skill needs efficiently.