We’re proud to be launching an Internship Investment Fund to enable eligible small and medium enterprises to host young people for paid internships during the summer holidays.

Register your interest
What we’re doing

Levelling up young talent

SMEs are the backbone of local communities and can be powerful drivers in levelling up young talent, with paid internships at local businesses proven to boost young people’s workplace skills and localised social mobility.

Yet many smaller businesses face resource barriers when it comes to creating workplace opportunities for young people.

That’s why we’re proud to be launching Internship Investment Funding for SMEs to help make this possible for them.

SME businesses can apply to utilise funding to host a young person on the Career Ready programme for a paid, four-week internship in July and August 2022.

The deadline to apply is Friday 27 May.

Find out more about internships

Before my Career Ready internship, I didn’t know about the career opportunities in my area. Without Career Ready I would have most definitely moved away from home and worked somewhere else. This is not something I wanted to do, I just thought it was the choice I had.

Emily Clark,
Tees Valley
0%
of interns said their internship helped develop key employability skills
0%
of interns said their internship had a positive impact on their life
0%
of employers said their intern added value to their organisation
0%
of employers would hire their Career Ready intern
How it works

Internship Investment

Our internships are held in the summer holidays between schools years 12/13 and the funding will ensure that young people, aged 16-18, can be paid at the UK Living Wage for four weeks (35 hours per week).

We welcome interest from SME businesses with 10 or more employees that wouldn’t otherwise be able to fund a paid internship placement themselves.

The deadline to apply is Friday 27 May.

FIND OUT MORE

Hosting an intern was a win-win. We were able to gain valuable insight into the potential of young people, and our intern was able to gain valuable experience of the world of work.

Keith Nichol,
Commercial Director,
KMF Precision Sheet Metal Limited

Register your interest

Let’s get started…

Fill in the form and we’ll be in touch to discuss opportunities for your business.

#InvestInYoungTalent







faqs

We would prefer to work with small and medium sized companies with a headcount of 10 employees or more. Unfortunately at this time we are unable to work with micro businesses with less than 10 employees.

You will be contacted by a Career Ready Regional Manager who will guide you through the next steps and signpost you to all the information you will need. The first job will be to provide a job description for your intern.

 

One of the objectives of the fund is to help us develop sustainable partnerships. This means we consider the level and strength of a relationship in giving the funded places and the appetite for supporting us in the future. 

Our Internship Investment Fund is to support businesses that otherwise would not be able to host a paid internship. Our ambition is to create sustainable relationships with local SMEs to build long-term talent pipelines for them, and funding can therefore be allocated to suit individual businesses: 

  • 50% in 2022 and 50% in 2023, with the business aiming to cover the full-cost in 2024
  • 75% in 2022 and 25% in 2023, with the business aiming to cover the full-cost in 2024
  • 100% in 2022, with the business covering the full cost in 2023

 

Our preference is for the internship to be our gold standard of four weeks. However, there is some flexibility around that. if you provide a case for a shorter but a high-quality internship AND you can commit to supporting us in some way next year then we can accept an internship of two weeks minimum.

Our preference is for the internship to be our gold standard of four weeks. However, there is some flexibility around that. if you provide a case for a shorter but a high-quality internship AND you can commit to supporting us in some way next year then we can accept an internship of two weeks minimum.

The primary ask is for employers to provide us with an internship, this could be part-funded. If this is not possible, we could look at support in the form of mentors and/or masterclass support.

Students are to be paid £9.50 per hour which is in line with the National Living Wage. This is what we encourage employers to pay but as a minimum, they have to pay in line with the government guidance on minimum wage which can be found here.

Yes, but once schools and colleges are closed for summer it can be increasingly difficult to maintain contact with students and staff. Any later start dates should be discussed with a Career Ready member of staff.

Yes, in fact there are benefits for a small number of students working at one organisation. Please, however, be mindful of how sustainable this is and whether you are likely to be able to provide the same level of support on-going and also ensure students are provided with a high quality experience.

The following checks are made before committing to a partnership using this fund:

  • The organisation has been trading for a minimum of three years, that it is set up with Companies House and accounting returns are being made
  • The organisation has employed staff previously
  • They have Employers Liability Insurance
  • They have premises that they work from e.g. an established office or shared hub space
  • Where it is a brand-new relationship with a small and unknown organisation, the Regional Manager should visit the premises the young person will be working from
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