Oct 25, 2016 - One year since the launch, the Youth Business Europe programme has exceeded targets in supporting young .
Citi Foundation and Youth Business International partnership helped start 800 businesses in Europe in one year
London, 25 October 2016
One year since the launch, the Youth Business Europe programme has exceeded targets in supporting young entrepreneurs to start or grow their own business, as a solution to the rising youth unemployment. Not for profit organisations in six countries (France, Germany, Italy, The Netherlands, Spain and Sweden) have offered financial and non-financial support services to 3,430 young entrepreneurs and helped start or grow 795 businesses, as a result of the partnership between Youth Business International (YBI) and the Citi Foundation. The programme is part of the Citi Foundation’s Pathways to Progress global initiative to prepare urban youth to thrive in today's economy. Youth Business Europe aims to provide entrepreneurship training to 5,500 young people and help them to start or develop 1,760 businesses between July 2015 and June 2017. The programme, being implemented by YBI members, is helping to tackle unemployment and drive sustainable economic development in France, Germany, Italy, The Netherlands, Spain and Sweden with the support of the respective Citi offices. The regional approach of this programme will enable the sharing of best practice, knowledge and methodologies by cross border interaction. Youth Business International (YBI) is a global network of independent non-profit initiatives helping young people start and grow their own business and create employment. YBI supports under-served young entrepreneurs with a combination of training, access to capital, mentoring and other business development services. YBI members have helped over 100,000 young people to create their own business and generate employment. An estimated 70% of these businesses are still trading after three years, with many going on to create significant levels of employment and further benefits for their communities. The Citi Foundation works to promote economic progress and improve the lives of people in lowincome communities around the world. We invest in efforts that increase financial inclusion, catalyse job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation’s “More than Philanthropy” approach leverages the enormous expertise of Citi and its people to fulfil our mission and drive thought leadership and innovation. For more information, visit www.citifoundation.com
For more information, please contact Andreea Bordei at
[email protected] or +44 (0) 203 326 2099 or Silvia Boschetti at
[email protected] or +39 02 89064483 Copy short URL Copy short URL
