New partnership supports diversity in banking
Many professions are searching for effective ways to build a more diverse workforce. One way Lloyds Banking Group is achieving this is through its Lloyds Scholars Programme, which sits within a wider corporate responsibility agenda to promote social mobility and therefore Help Britain Prosper.
As part of its commitment to Helping Britain Prosper, Lloyds Banking Group is investing £17m into Lloyds Scholars over the first five years of the programme.
The programme inspires and enables young people from lower income families, to thrive at top-tier universities by offering them a combination of financial support, mentoring and summer internships while studying.
There is no requirement for young people to work for the bank at the end of the programme, but to date, around 70% have ended up doing so. As part of the programme Lloyds Scholars are required to commit to at least 100 hours of voluntary service each year.
Enter Envision. Lloyds wants to utilise our expertise in harnessing social action, through guided reflection, to enable young people’s personal development. We have designed a programme for Scholars at Birmingham and Warwick universities to volunteer through coaching young people and supporting workshops and events.
Everyone gains; Lloyds Scholars benefit from a rewarding volunteering programme, Lloyds Banking Group gets a great development opportunity for their talent pipeline, Envision gets lots of extra great volunteers and, best of all, our young people get inspiring role models.
Envision CEO, Jennie Butterworth, says:
Given that we are now being much more targeted in our own delivery, it is great to be able to have volunteers who are themselves from disadvantaged backgrounds. They are best placed to raise aspirations though example”.
Paul O'Neill, Head of Lloyds Scholars and Employability, Lloyds Banking Group agrees:
The key advantage for us in this partnership is that it provides a reason for our Scholars to visit schools and form relationships with the sort of young people who could benefit from the Lloyds Scholars Programme. We already have Envision graduates on our programme and we are impressed by their can-do attitude”.
Hashim Iqbal, an Envision graduate now on the Lloyds Scholars programme, said:
I gained so much from my Envision experience so I am delighted to now be able to help other Scholars grow the organisation as well as develop themselves. Having the opportunity to coach young people who want to change the world is a great opportunity for us to be given!”