Bringing you live news and features since 2006 

Quilter announces GBP1.5 million funding programme to help tens of thousands of UK’s young carers


Quilter, through its charitable foundation, has launched an innovative collaborative partnership with Carers Trust and The Mix with the new partnership aiming to invest around GBP1.5 million over three years to develop and deliver pioneering support services for young carers in the UK.

In the UK, there are 376,000 young people aged 16-25 with unpaid caring responsibilities. Thanks to the funding, Carers Trust, the UK’s largest charity supporting unpaid carers, will be able to deliver programmes that provide immediate relief to young carers who face barriers to their wellbeing, education or employment prospects. These include activities such as maths tuition, confidence building, coaching, mindfulness and wellbeing classes, CV building, skills training and public speaking.
The programme will also look at inspiring long-term change by developing, piloting and evaluating new innovative programmes which support young carers to make positive changes along their journey into adulthood. The projects will aim to reduce the skills deficit and support young carers to reach their aspirations and longer term goals through peer support groups, 1-2-1 support and a range of wellbeing and resilience-building activities.
Young carers can often become isolated because of their caring role. They often reach out for support online. The Mix is a free, confidential digital support service for under 25s. It connects young people to experts and their peers to talk and get support.
Recently, the government found that 67 per cent of current or past young carers had not received any support. Many services are only funded to work with young carers up to the age of 18 and 79 per cent of young carers are worried about moving on as they felt there was no support for them. Yet this group experiences poorer mental and physical health than their peers, and misses out on opportunities in education and employment as a result of their caring responsibilities.
In November 2017, Quilter PLC launched the Quilter Foundation, a registered UK charity, which aims to empower young people to transform their lives, to thrive and prosper, with the right support in place for them.
Paul Feeney, CEO of Quilter plc and Chair of The Quilter Foundation, says: “Unpaid carers save the UK an astonishing GBP132 billion a year. A figure that will most certainly grow as our society ages. Young people involved in the care of family members can feel isolated, struggle with mental health issues and tend to have poorer outcomes in education and employment. That’s not acceptable and we can do something about that. As part of our partnership Quilter plc employees will bring their passion and time to directly help young carers in their local communities through the Carers Trust’s network.”
Giles Meyer, CEO of Carers Trust, says: “We know that young carers are more likely to fall behind, be bullied and suffer from anxiety and depression. The impact of caring at this critical stage can severely impact their ability to prosper in adulthood. We’re thrilled to start a 3-year partnership with Quilter plc to address this issue. Funds raised for the partnership will help us make a real difference to young carers’ lives and achieve a step-change in public understanding of caring responsibilities and attitude to young carers.”
Chris Martin, CEO of The Mix, says: “As a result of their caring responsibilities, many young carers miss out on opportunities in life and may struggle at school or university. The work they do is often hidden and they run the risk of isolation and struggles with their mental health. The Mix believes digital is great way to reach young carers to connect them to the life-changing help and peers groups they desperately need. We are excited to enter this partnership with Carers Trust with the support of the Quilter Foundation. Together we will work to increase the visibility of young carers, provide practical support and offer them the best information, support and signposting online.”

Latest News

BlackRock writes that May marked the highest inflow month of the year for both rates and high yield (HY) ETPs,..
SIX reported a combined 12.3 per cent trading turnover increase in CHF for its two exchanges in Switzerland and Spain..
EFAMA’s March figures reveal that UCITS and AIFs recorded net inflows of EUR24 billion, up from EUR21 billion in February...
VanEck has announced that the VanEck Semiconductor UCITS ETF has reached over USD2 billion in assets under management (AUM) after..

Related Articles

Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by