The Investment in Young People (IiYP) award nationally recognises the important work that SMEs (small to medium enterprises) undertake in assisting young people to gain employability skills, assisting them with the transition from education into the world of work.
Being recognised as an Investment in Young People company shows a commitment to support the development of young persons’ (aged 5-25) employability skills and understanding of work. The IiYP award is run by Investment in Young People Ltd, a social enterprise that is supported by a wide range of partners including Chambers of Commerce and other Education Business Partner Organisations (EBPOs) from across the country.
Photo credit: IIYP
To be eligible, a business must work with a local school or college, helping students gain a better understanding of enterprise and the world of work as well as assisting to gain a range of employability skills.
Examples of such activities could be providing support for apprentices, work experience, supporting Young Enterprise or other school and college led enterprise activities. In fact, employers are free to provide their own examples of how they have engaged with their local school, college or educational establishment, using the online application form.
Once completed, the accreditation lasts for three years. There is a small fee for the award, charged for the administration of the scheme covering each employer for the three year period. Reassessment will be required at the end of each three year period to maintain the standard.
Size of business is based on turnover as follows: small (up to £5m turnover) is £375, medium (£5m + turnover) costs £750 and large (£50m + turnover) £1,500 (all plus VAT).
For public sector bodies (local authorities, LEPs, colleges, universities etc.) the cost is £750, and voluntary and not for profit community based organisations are charged £375 (all plus VAT).
To apply you will need to register. There is also a video which explains the process.