Impetus support package:

Investment period: 2011 - 2012 (Planning phase investment)*
Planning phase grant funding: £37,500
Pro bono services donated: £50,000                 Investment management value: £84k
Total funding package to date: £171k

Resurgo is part of the Impetus Economic Disadvantage Portfolio.

Background to the investment:

Recent figures show that the youth unemployment rate is nearly double the unemployment rate of the working population as a whole. If the problem continues to go unaddressed, it has the potential to scar an entire generation which is why Impetus has chosen to support an organisation with a proven track record of tackling this problem.

Resurgo Trust provides a highly interactive six-week personal development and employment preparation programme for NEETs which is designed to "ignite a vision of the possible in unemployed young people", to build their confidence and ability to effect life changing choices and to develop their leadership potential within their local neighbourhoods.

Focus of Impetus expertise 2010/11:

• Review and development of financial systems and processes
• Reinforce communications and fundraising activities
• Review of roll-out options for expansion and support for discussions with prospective joint venture partners
• Development of a medium-term business plan to support the case for a second phase of investment.

 

Key achievements 2010/11:

• Successfully opened two new centres, doubling capacity on the Spear course, through a new "hub and spoke" model that significantly reduces the cost per outcome
• Secured funding from London Borough of Hammersmith and Fulham to expand delivery of service in the Borough
• Set up of Spearhead, a youth employment agency that places Spear graduates into employment and generates commercial revenue for Resurgo
• Detailed discussions with prospective partners on roll-out to two new locations in 2012
• Development of additional management capacity in operations and fundraising.

 Find out more about Resurgo Trust.