29 January 2015
Today, Impetus – The Private Equity Foundation (Impetus-PEF) announced it is providing a package of £300,000 and strategic and operational support to Catch22, a social business working with vulnerable young people and adults across England and Wales. This partnership will see Impetus-PEF working specifically with Catch22’s Education Directorate to develop their alternative education provision model.
Impetus-PEF is the charity which brings funding and strategic resources to high-potential charities and social enterprises working to improve the lives and prospects of children and young people from disadvantaged backgrounds.
This considerable investment by Impetus-PEF provides both organisations with the opportunity to make a significant impact to the quality and reach of alternative education provision across the UK.
Impact monitoring of Catch22’s existing alternative education provision demonstrates high level outcomes, and the new funding and support package from Impetus-PEF will be used to develop a scalable and replicable model to support excluded young people towards qualification and employment.
Chris Wright, Chief Executive of Catch22, said:
‘We are delighted to be working with Impetus-PEF to develop a blueprint for the highest-quality alternative education provision. We welcome the strategic insight that Impetus-PEF will provide, which will build on our own vision to transform the lives of the most disadvantaged, vulnerable and/or challenging young people – wherever they learn – through personalised learning that provides real opportunities in education, employment or training.
Our work with Impetus-PEF will focus on designing a model that really prepares learners for the world of work by ensuring positive education outcomes while also developing the right skills and mindset for successful and sustained employment.’
Daniela Barone Soares, Chief Executive of Impetus-PEF, commented:
‘Catch22 is a fantastic organisation that works with some 35,000 people each year and we are delighted to be working with them. Alternative provision in this country is often seen as a service that has historically failed to deliver outcomes of educational attainment or work readiness for young people aged 11 to 18-years-old. Catch22 has become a significant player in this very fragmented sector and is determined to drive improved outcomes for their young people.’