Education & Skills
Some of the challenges we face
Up to 1 in 4 UK jobs goes unfilled because of skills shortages
Around 10% of 16-24 year-olds in the UK become NEET
UK productivity is 18% below the average for the rest of the G7
England has the worst teenage literacy levels of any OECD country
How are we helping to solve this problem?
Across our funds, our Health & Wellbeing investments have been addressing challenges like these by building high-quality care homes for the elderly; by helping people with long-term conditions manage their health more effectively; by pioneering ‘hospital at home’ services to reduce the pressures on A&E departments; by using community pharmacies to improve health outcomes in underserved areas; and more.
In 2009, Bridges invested in Babington Grou, a high-quality education provider, that delivers skills training across a variety of sectors. It is also a pioneer of the UK apprenticeship programme.
Under Bridges’ ownership, Babington’s revenues increased eight-fold from under £2m to more than £15m, thanks to strong organic growth, the integration of two successful bolt-on acquisitions and the launch of an innovative online learning platform. The exit price in April 2016 represented an internal rate of return of 33%.
Since investment, Babington supported over 32,000 learners and helped over 3,700 formerly unemployed people back into work. In 2015 alone, it trained 1,600 16-18 year-olds at risk of becoming NEET (Not in Education, Employment or Training) with about two-thirds of these students coming from underserved areas. Throughout its strong growth, student satisfaction levels remained consistently high, with 93% citing overall satisfaction (against a national benchmark of 85%), and employer satisfaction at 92% (against a national benchmark of 74%).
London Early Years Foundation
LEYF is a charitable social enterprise that provides early years education through nurseries in London. Its mission is to build a better future for London’s children, families and local communities through a commitment to excellence in early years education, training and research.
LEYF operates in some of the most disadvantaged areas in London, where there is typically an under-supply of high quality nurseries. It operates an innovative ‘balanced portfolio’ business model which enables it to provide a consistently high quality of nursery education in all the areas in which it operates. As a charity, all surpluses are re-invested to support its mission.
Some examples of our impact
Previously unemployed students known to be in employment
Qualifications achieved by ar-risk-of-NEET students
Our latest News & Views
Pioneers Post has written about our latest social impact bond, developed in partnership with Lambeth Council…Read full article 16th February 2017