Investment Details:
- Total Commitment: £40 million over five years.
- Overall Investment Since 2019: £90 million.
Focus Areas:
- Financial Health and Careers/Skills Development:
- Total Allocation: £24 million.
- Objectives: Improve job access for young people and underserved communities.
- Actions:
- Expand skills-based hiring.
- Support non-profits for career guidance, employability support, and training.
- In-house programs for mentoring, workplace visits, and skills sessions.
- Building Stronger Financial Futures:
- Total Allocation: £16 million.
- Objectives: Help families build financial resilience.
- Actions:
- Develop user-friendly financial management tools.
- Collaborate with non-profits to improve credit access.
- Empower low-income groups to build financial buffers.
Additional Initiatives:
- Fintech Accelerator Programme:
- Aim: Improve financial health for fintech founders.
- Offers solutions for effective financial management.
Statements:
- Jamie Dimon, Chairman and CEO:
- Emphasized serving clients, hiring great people, and collaborating with UK government and local partners.
- Encouraged others to get involved in creating new investment opportunities.
