London Stock Exchange celebrates National Apprenticeship Week 2016
London Stock Exchange today helped mark National Apprenticeship Week. LSEG hosted both Child & Youth Finance International (CYFI) and City Gateway today in celebration of Global Money Week (GMW) and National Apprenticeship Week, which are being held in parallel during this week.
Global Money Week (GMW) seeks to raise children and youth’s awareness of money, saving, gaining employment and creating livelihoods through a range of fun and interactive activities, with National Apprenticeship week specifically focusing on the positive impact of apprenticeships for young people, employers and the wider economy, as apprenticeships have been shown:
- To boost productivity to businesses by on average £214 per week.
- To enable businesses to grow their skills base resulting in increased profits, lower prices and better products.
- 23% of former apprentices have been promoted within 12 months of finishing.
Global Money Week which takes place annually is an initiative of, and coordinated by, CYFI. This year’s theme is “Take Part. Save Smart!” as it is important for children and youth to develop key money-managing skills and cost-careful habits from an early age to avoid financial exclusion, with over 7 million participants in 100 countries expected to take part.
National Apprenticeship Week is coordinated by the National Apprenticeship Service, and this year’s key theme is “An apprenticeship can take you anywhere”, with a particular focus on higher skills to show how young people, entrepreneurs and businesses can “rise to the top” through traineeships and apprenticeships.
City Gateway is a charity dedicated to tackling social and economic inequality in London. An estimated 117,000 16-24 year olds are unemployed and many are being left behind, at risk of gangs and a life of crime becoming a way of life.
City Gateway supports local communities through specialised training, education and employment programmes designed to reach the most segregated sections of the London community. An integral part of this is apprenticeships. City Gateway's apprenticeship success rate is 12% above the national average, with 75% of our young people progressing from apprenticeships into permanent jobs.
Azijul, a young apprentice, shares his City Gateway experience - http://www.impetus-pef.org.uk/who-we-are/the-problem/azijuls-story
Child & Youth Finance International (CYFI) is a non-profit organization based in Amsterdam, but works on a global scale. They have taken on the challenge of reshaping financial systems – by making sure that everyone works together to help children and youth become empowered economic citizens (receive financial, social and livelihood education and be financially included). Through collaboration, CYFI ensure that national authorities, CEOs, heads of NGOs, academics, media personalities and young people work together today to make tomorrow more sustainable, equal and stable.
Developing innovative projects is one way that CYFI has committed to making change for children and youth. For example, Ye! for Young Entrepreneurs is a global online platform for young entrepreneurs between 16 and 30 years old. Ye! connects young entrepreneurs around the world and provides them with business knowledge, an online community, a coaching program and links to funding opportunities to help them grow their ventures.
For more information please visit:
Global Money Week: www.globalmoneyweek.org
Child & Youth Finance International: www.childfinanceinternational.org
Ye! for Young Entrepreneurs: www.yecommunity.com