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Venture Trust signs Open Letter to Boris: “Kick start the economy by investing in jobs and people”

Venture Trust along with over 200 organisations across the UK, has signed an open letter to the Prime Minister, calling on the Government to publicly commit to a new Opportunity Guarantee.

The UK is experiencing the biggest economic crisis in 300 years, and on Tuesday 16th June latest figures are expected to show the highest rate of unemployment in over 100 years.

The new Opportunity Guarantee scheme, backed by some of the UK’s biggest employers, would help to kick start the UK’s economic recovery by investing in jobs of the future, helping people access the jobs market, and providing opportunities for young people.

The open letter, signed by cross industry partners - including The Prince’s Trust, Heathrow Airport, Asda, universities and charities – has political backing from Metro Mayors Steve Rotheram (Liverpool City Region), Dan Jarvis (Sheffield City Region) and Jamie Driscoll (North of Tyne Combined Authority).

Together, over 200 voices called on Government to invest in a new Opportunity Guarantee that:

- Promotes job creation by investing in the jobs that we need for the future

- Doubles the capacity in services that help people into jobs, with greatest support for those facing disadvantage

- Provides an education place, apprenticeship, or job for every young person

Commenting on the open letter, Lord Bob Kerslake said: “The message to Government is clear – with the Jobs retention Scheme winding up, we must invest in an Opportunities Guarantee. We need to create opportunities for people to skill up, and have a guaranteed role in our economic recovery, and we must put these plans in place now.”

Venture Trust CEO Amelia Morgan said: “We need to act now and invest in an Opportunities Guarantee to protect more futures. We know from the evidence of the 2008 financial crash that if we do nothing the economic impact of this crisis will fall disproportionately on poor families and communities, and on young people at the start of their careers. Investing in young people, especially those at significant risk of being left behind, will enable us to support them to build the skills and foundations for greater resilience whilst they navigate taking up training opportunities or maximising their chances of getting in, and staying in work.”

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