What will each of the Catalyst partners deliver?In total, there are three strands of planned Catalyst activity. These strands are: - Strengthening the youth sector market
- Equipping the sector to work in partnership with Government
- Developing a skills development strategy for the sector
For more information on each of these three strands please carry on reading, as well as downloading our stakeholder briefings - one on each strand: NCVYS will be responsible for the co-ordination of the Catalyst consortium. and will lead on Strand 1 and 2 of the planned activities. To do this, NCVYS will: - Establish a social finance retailer that can pilot and then promote a youth sector specific social investment approach based on evidence of impact. It will be our job to co-ordinate the management of the retailer, ensure adequate finance is raised for the fund, identify organisations to participate in the pilot as well as the establishment of a brokerage service which will identify and broker investments that can be supported by a blend of social and commercial investors;
- Develop yeah CIC as a vehicle for the sector to build and access new and bigger markets. This includes the piloting of a young person led approach to product development, the establishment of license and franchise agreements for use by youth organisations and social enterprises for products developed through yeah CIC and finally, a business support programme (in collaboration with our Participation Works partners) for organisations and enterprises wishing to scale up their operations using a young people led approac;
- Support the sector in representing issues to Government including but not limited to the brokering of of pportunities for young people to shape emerging youth policies and increasing the efficiency with which sector intelligence is shared;
- Build on the successful Progress project to develop a skills development strategy for the sector, supported by a range of products designed to meet the needs of employers, training providers and learners.
The National Youth Agency will, through heading the workforce strand, lead the formation of key strategic frameworks and structures to secure coherent and inclusive workforce development activity, which services the breadth and scope of the youth workforce. NYA will engage in and influence emerging policy affecting the youth sector workforce and explore options to develop an Institute for Youth Work - desired by and for the benefit of the youth sector and young people.
The Young Foundation will focus on supporting the strengthening of the youth sector market and in particular the establishment of the social finance retailer. This will include mapping the sector for social finance, and the development of a framework for impact measurement that is accepted by the youth sector overall and builds on existing tools. The Young Foundation will also be working to provide an educational and capacity building programme around social innovation and social finance, working with organisations to get them ‘investment ready'.
Social Enterprise UK will offer support to social enterprises delivering children and young people’s services who wish to replicate their model through franchise models. Building on its expertise in this field, They will establish a leadership programme to provide guidance and support to leaders looking to franchise, create practical online tools to help organisations get started, and support social enterprises to create their ‘business in a box’.
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