Chair - new Social impact Bond working with young people
Chair – new Social impact Bond working with young people
Futureshapers (Sheffield) Limited (“Futureshapers”) is a newly formed, investor-owned special purpose vehicle (“SPV”) pioneered by Sheffield Futures, Sheffield City Council and Triodos Bank. Following a nationwide competitive tender process, Futureshapers has recently successfully secured a significant Payment by Results (“PBR”) contract to deliver intensive support to 1,300 vulnerable young people in Sheffield who are at risk of becoming long term “NEET” (not in education, employment or training).
Over the next three and a half years, Futureshapers will work with Sheffield Futures – a leading independent charity providing targeted support and advice in relation to training and employment, social inclusion, careers guidance and personal development – to deliver this programme of support to vulnerable young people across the city. In so doing, these individuals will be helped to achieve their full potential and ultimately secure a successful transition to adulthood. Being NEET can have long term, damaging effects on young people’s lives and future prospects: by the age of 21, young people who have been NEET for at least six months are more likely than their peers to be unemployed, earn less, receive no training, have a criminal record and suffer from poor health and depression. There are also strong links between poor educational achievement and offending. Some estimates indicate that young people who are not in education or employment are, on average, 20 times more likely to be convicted of a crime. Offenders with poor or no qualifications are also more likely to re-offend. In 2010, 66% of offenders without qualifications were reconvicted within a year of leaving prison.
Role & responsibilities
Futureshapers is seeking to appoint an independent Chairperson to supplement the skills and experience of the board. The Chair will help the board achieve its persuasive social mission whilst ensuring operational and commercial sustainability. The appointee will bring an independent and impartial judgement to bear on issues of strategy, performance, risk, communication and resources and he/she will have a demonstrable commitment to the success and growth of the organisation’s social agenda. The Chair must have significant financial and commercial experience and a track-record of senior involvement in business strategy development and delivery.
Applications are particularly sought from those who have experience of working in an organisation with external investment (and hence having an understanding of investor relations responsibilities and the additional reporting and monitoring expectations this creates). A familiarity with government contracting processes would also be preferable.
This is a very exciting opportunity for the right person to get involved in a high impact programme. Someone possessing a strong desire to help young people and who has an affinity with the social objectives of Futureshapers are absolute prerequisites, and full information can be found in the attached download.
How to apply
Candidates are asked to forward a copy of their up-to-date comprehensive CV and supporting statement that illustrates their motivation for applying and how you feel your skills and experience could really benefit this organisation
Please note: As the timescale for this appointment is very tight, applications will be forwarded onto the Appointments Committee on a rolling basis between now and 12th March which is the closing date. Short listed candidates can be expected to be interviewed w/c 16th March.