Investment & Fund Management
Apprenticeships
Full Credential Description
K10 Apprenticeships Limited, a social enterprise based in the UK, addresses the pressing issue of youth unemployment in London, where 25 percent of young people are out of work, often lacking the necessary skills for meaningful careers. Simultaneously, the construction industry faces a significant skills gap due to an ageing workforce, creating a dual challenge that K10 effectively recognized and sought to remedy.
To tackle these issues, K10 offers apprenticeships to young, disadvantaged, and unemployed individuals, providing them with essential work experience and qualifications that facilitate sustainable full-time employment. The program not only focuses on technical skills in various trades such as carpentry, plumbing, and electrical installation but also enhances apprentices' social and emotional outcomes, fostering greater ambition and optimism about their futures. Notably, K10 has made strides in inclusivity, with 15 percent of its apprentices being women, 12 percent ex-offenders, and 10 percent individuals with disabilities, thereby broadening access to the construction industry for traditionally underrepresented groups.
K10 operates as an accredited Apprenticeship Training Agency, directly employing apprentices and securing paid positions with construction companies across London. The organization has successfully exceeded its ambitious target of employing at least 100 apprentices annually for the past three years, demonstrating its effectiveness and impact. This growth has been supported by investments from Impact Ventures UK, a leading EIF-backed investment fund focused on scaling social enterprises, enabling K10 to expand its operations and continue making a significant positive impact in the community.