Thousands of young people from inner city London boroughs are supported into employment or university every year by Lloyd's Community Programme, which has been running for over 26 years.
Good for society
- Lloyd’s Community Programme has provided 125 young people, predominantly from BAME backgrounds, with paid internships in the Lloyd’s market.
- 1,400 Tower Hamlets students gained employability skills at workshops run by Tower Hamlets EBP.
Good for business
- 95% of Lloyd’s employees agreed that the company is a responsible organisation in relation to the community.
- For 26 years, the programme has mobilised the time, skills and resources of the companies and individuals that make up the Lloyd’s market, encouraging a strong sense of community and shared goals.
Established in 1989, Lloyd’s Community Programme (LCP) is one of the longest-running community involvement programmes in the City of London, predominantly supporting young people from deprived London boroughs. In 2015 it involved over 2,600 volunteers from 50 companies across the Lloyd’s market.
LCP’s post-16 project was initiated in 2011 to address underachievement of local students at A-level and university - and their subsequent under-employment - whilst developing a diverse talent pipeline for the Lloyd’s market.
Top Tips from Lloyd's:
Develop effective long-term partnerships with community delivery partners who have a good knowledge of the target group you want to work with.
Senior level engagement is key to embed CSR and related activities in the business and to influence other stakeholders and business partners.
Develop a portfolio of volunteer opportunities that attract high quality business volunteers, and meet the needs of the community.
It has done this through a number of interventions to inspire this cohort of young people to achieve places at top universities or on higher level apprenticeship schemes. The project helps the young people achieve good employment after university or sixth form by involving business volunteers to act as role models to give them an insight into careers in insurance.
The programme includes direct financial support via university bursaries, a ‘Wider Access Fund’ held by the Lloyd's partner sixth form, workshops, mentoring, workplace visits and paid summer internships.
Lloyd’s is the world’s specialist insurance and reinsurance market. The Corporation of Lloyd’s oversees and supports the Lloyd’s market, ensuring it operates efficiently and retains its reputation as the market of choice for specialist insurance and reinsurance risk.
What Lloyd's CEO said:
“Lloyd’s takes Corporate Social Responsibility seriously and it is one of our eight strategic priorities. The support Lloyd’s Community Programme provides to the young people on our doorstep in inner London boroughs is an important expression of this, and also feeds in to our talent priority to attract and retain a diverse workforce that will bring innovation and fresh ideas to the Lloyd’s market. I would encourage other companies to take a responsible business approach and put it at the heart of their organisation.” - Inga Beale, Chief Executive Officer, Lloyd's