Investing in Youth Talent
To develop the talent and potential of young people experiencing homelessness. By making small personalised financial investments called “talent bonds”, the Foyer Federation is able to offer opportunities for young people to pursue a passion, develop a raw but flourishing talent or follow a dream.
January 2018 - December 2018
Charity information: The Foyer Federation
Young people experiencing homelessness don’t often get the same investment in their talent and potential as those who have the support and backing from family or home. Equally they might not have the skills to secure employment which would lead to disposable income for personal pursuits – investment in their own skills, talents, hopes and dreams. We believe there is already too much wasted talent - this project aims to level the playing field so all young people can unlock their potential.
This project will make small, personalised financial investments in young people ranging from £100 - £300 which will be used to develop a skill, pursue a passion, or invest in a raw talent. The money will provide financial backup to the emotional and time investment already made in young people. The Foyer Federation will work in partnership with Foyers on the ground across the UK to encourage young people who receive a talent bond in their pursuits.
Young people experiencing homelessness are made aware of the talent bond scheme
Activities» Run a marketing campaign across the Foyer network reaching 5,000 young people to advertise the opportunity
» Develop a series of case studies with young people from previous work to demonstrate how talent bonds have worked well including photos & quotes
Success will be receiving suitable applications for talent bonds from young people experiencing homelessness and wishing to pursue a passion or talent.
30 young people experiencing homelessness have the means to pursue a passion/develop their talent
Activities» • Run two application rounds over the course of the year (April and September)
» • Receive 60 applications for talent bonds representing a UK wide spread of young people
» • Young people join the decision making panel and assess applications
» • 30 young people receive a talent bond
success will be young people taking up their personalised investments and moving to a position where they feel they are thriving rather than perhaps just surviving.
Foyer staff are better equipped to secure resource for talent bond schemes in the future
Activities» • Develop and disseminate a fundraising and marketing pack for Foyer staff to use for future programmes.
Foyers are able to secure resource in the future and run similar programmes for young people
This project will monitor what the talent bonds enable young people to achieve that they couldn’t before, as well as how they might ‘pay forward’ their new skills or talents by telling others of their success. Ongoing evaluation would ask what area of their life has improved the most as a result.
In addition, Foyers will be better equipped to secure income for talent bond schemes in the future through the use of a fundraising and marketing guidance pack.
There is a risk that young people don’t apply to the programme. This is mitigated by providing a menu of examples of previous talent bonds using powerful stories, quotes from young people and case studies.
An additional risk could involve talent bonds being used inappropriately. We will mitigate this by working with Foyer network staff to encourage, challenge and walk alongside their young people who receive a talent bond.
We will send bi-annual emails in line with the two application rounds (April and September) reporting on young people who have secured a talent bond, the difference it is making to their aspirations and how they intend to further pursue their passion or develop their talent.
Budget - Project Cost: £5,000Loading graph....
Amount Heading Description £3,000 Talent bonds 15 talent bonds at £200 each (on average) £2,000 Development Manager Marketing, coordinating and evaluating the programme
The Foyer Federation operates across the UK with 80 “Foyers” in both rural and urban areas. Foyers range in size from 10 – 100 bed spaces and provide accommodation, learning and personal development opportunities. Many are located in areas with low rates of employment resulting in poor opportunities for young people experiencing homelessness.
Investing in youth talent is targeted at young people aged 16-25 who are described as statutory homeless, often experiencing family breakdown, low prior educational attainment level and personal challenges such as mental health issues or involvement with the criminal justice system.
The Foyer Federation has 25 years of experience in working with Foyers to secure a better deal for young people experiencing homelessness. We have run several talent bond programmes in the past generating significant impact for young people who may otherwise never have received support and investment into their talent. We operate a network of Foyers across the UK giving a wide reach to 5000 young people per annum.
Read more about the Charity running this project.
Dedicated Development Manger who have over 12 years experience in working with young people in and asset-or strengths based way.
Young People On The Judging Panel
Young people will be critical to our success forming part of the judging panel as well as those who are applying to receive a talent bond