Asked by: Baroness Sherlock (Labour - Life peer)
Question to the Department for Digital, Culture, Media & Sport:
To ask Her Majesty's Government how much of the £90 million programme to help tackle inequalities in youth unemployment, announced on 19 March 2018, was distributed in (1) 2018, (2) 2019, (3) 2020 and (4) 2021.
Answered by Baroness Barran - Parliamentary Under-Secretary (Department for Education)
In 2018, the government announced that £90m of dormant assets funding would be used to tackle inequalities in youth unemployment. This was allocated in full to the Youth Futures Foundation (YFF), an independent organisation established in 2019 to improve employment outcomes for young people from marginalised backgrounds. YFF draw down their funding according to need and have so far received £55.86m of the £90m allocated to them: (1) £125,000 in 2018, (2) £45.7m in 2019, and (3) £10m in 2020. As an independent organisation, the government has no control over the timings of any onward distribution of this money.