Lloyds Banking Group aims to help transform lives of Londoners
Lloyds Banking Group is aiming to support social entrepreneurs by providing backing, together with the Cabinet Office, for The London Evening Standard’s Frontline London campaign, now in its second phase.
In total, 10 London-based social entrepreneurs from disadvantaged backgrounds, between the ages of 18 and 30, will be given the opportunity to participate in the scheme. By demonstrating their commitment to building a positive future and transforming their lives and those of others, they will be rewarded with a grant of up to £8,000, a business mentor from Lloyds Banking Group and access to a seven-month tailored learning programme from the School for Social Entrepreneurs.
The Frontline London campaign was launched following an Evening Standard investigation into street gangs. Phase I saw three groups supported by the newspaper, in partnership with the charity Kids Company, exit gang life and set up social enterprises.
Phase II of the campaign, backed by £150,000 of funding from Lloyds Bank and the Cabinet Office, is now inviting young Londoners to apply for places on the programme. Applications are open online at www.standard.co.uk/news/frontlinelondon from now until 2 May, when shortlisted candidates will have the opportunity to pitch their idea to a Dragons Den-style selection panel. The business ideas may be commercial, but should also have a social purpose, such as helping to employ disadvantaged young people or addressing a need within the community.
The 10 selected candidates will start their seven-month learning programme at the School for Social Entrepreneurs in June. The programme will include inspirational speakers and workshops with experienced entrepreneurs, and a wide range of relevantly experienced Lloyds Banking Group colleagues will become involved as business mentors.
Alastair Wilson, chief executive of the School for Social Entrepreneurs, said: “Although we have delivered programmes to more than 1,200 social entrepreneurs since we were founded 16 years ago, the Frontline London campaign takes us into new territory. We believe a cracking social entrepreneur needs passion, drive and creativity, not a load of qualifications. Through this partnership, we can help to transform their lives and create real impact in their communities.”
Graham Lindsay, responsible business and community affairs director for Lloyds Banking Group, added: “We are delighted to be part of this important initiative. We already run a programme that supports nearly 300 social entrepreneurs across Britain every year, providing grants and access to learning support and a mentoring scheme. The Frontline London campaign allows us to contribute further, helping young social entrepreneurs in London who have overcome tough backgrounds to realise their potential and provide role models for others to follow. We hope it illustrates our commitment to helping Britain prosper.”
