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Mayor's scheme to coach young unemployed into jobs

Boris Johnson’s Mayor's Fund for London has been boosted by sponsorship from Goldman Sachs for  scheme  to give some of the 22,915 Londoners between the ages of 18-24 that are unemployed.

City AM reports that many claiming Jobseekers Allowance will be able to "access to training, mock interviews, mentoring and work experience to ease their route into positions that would have otherwise seemed unattainable.

The report adds:

The scheme is sponsored by investment bank Goldman Sachs, agreeing with the Mayor of London’s assertion that "harnessing the next generation instead of squandering their talents is in all our

It’s a scheme that should be close to the heart of Goldman Sachs chief executive Lloyd Blankfein, a classic example of the American Dream come true.

Born the son of a Brooklyn postal worker in one of the poorest areas of East New York, Blankfein was the first in his family to go to college, and 35 years on he’s sitting pretty at the top of one of the world’s biggest investment banks.

And with speculation rife yesterday that a Londoner – Michael Sherwood – is being positioned to take Blankfein’s role in the future, it seems that Goldman is already on the lookout for the capital’s next generation of banking talent.

Boris Johnson says:

I'm delighted this powerful player is recognising its social responsibility and responding to the most critical challenge of our times - creating opportuinities for young people in our city. This is why I set-up the Mayor's Fund and I urge others to see that harnessing the next generation instead of squandering their talents is in all our interests‬.



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