Welcome letter from Sir Leigh Lewis

Thank you for your interest in becoming the Chair of the Dormant Assets Youth Organisation.

At the start of this year, the Government announced that a further £330m would be unlocked from dormant bank accounts - money that customers have not touched for 15 years or more and where banks have been unable to contact those customers. The Government has decided that £90m of the £330m will be allocated to helping young people facing barriers to work to meet their full potential, with a particular focus on utilising the data from the Race Disparity Audit. This is a great opportunity to turn money that has been ‘gathering dust’ and benefitting nobody into real benefit for some of the most disadvantaged young people in our society.

It has been agreed that this objective will be delivered through a new independent organisation, sitting outside of the control of government. In order to create this organisation, I am chairing an independent recruitment panel tasked with selecting the inaugural Chair of this new organisation. Clearly the success of this ambitious initiative will rest on selecting the right candidate to fulfil the long-term ambition of this programme.

This is a rare opportunity to help build an organisation from the ground up, defining everything from its vision and name, through to organisational structures and business plans, and creating a legacy of improved life chances for disadvantaged young people and a stronger and more inclusive workforce.

It follows that the right candidate is likely to have an impressive combination of skills, expertise and drive - and will be enthusiastic to take on the role of Executive Chair for the first 6-12 months of the organisation’s life. We are seeking someone who can bring both perspective and motivation to this challenge. You may have deep experience in the youth sector, or you may have experience from elsewhere that you can bring to help shape this ambitious initiative. If you think that you have the vision and leadership that we are looking for, then we would love you to submit an application. I looking forward to meeting exceptional candidates from all backgrounds.

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