3. Unemployment
remains
stubbornly
high…
Par$cularly
for
young
people…
And
in
specific
regions…
Challenges
remain
for
most
groups…
4. …while
public
spending
has
been
reduced
Projected
spending
against
projected
revenue
for
Local
Authori$es*
*Funding
outlook
for
councils
from
2010/11
to
2019/20:
Preliminary
modelling,
Local
Government
Associa$on,
June
2012
10. Accelerators…
Systema'c
but
flexible
way
to
support
new
businesses
and
entrepreneurs
Nesta
host
one
accelerator…
…and
have
invested
in
four
others
11. Challenge
Prizes…
Challenge
prizes
offer
a
reward
to
whoever
can
first,
or
most
effec$vely,
meet
a
defined
challenge.
They
act
as
an
incen$ve
for
mee$ng
a
specific
challenge,
rather
than
an
award
for
past
achievements.
• Nesta,
in
associa$on
with
the
Cabinet
Office,
offered
a
prize
for
the
innova$on
that
can
reduce
the
isola$on
and/or
increase
the
mobility
of
vulnerable
older
• Five
finalists
received
£10,000
each
while
the
idea
that
demonstrates
the
most
success
will
be
awarded
£50,000
Radio
Club
The
AZer
Work
Club
Community
Cafe
Help
for
Isolated
LGBT
People
Tools
Company
for
Men
12. Big
Data…
There’s
real
scope
to
harness
‘big
data’
to
create
jobs
and
tackling
unemployment
by
pooling
data
sources,
mapping
clusters
and
matching
skills
of
job
seekers
to
short
term
employer
needs.
13. Proving
Social
Innova'ons…
We
need
beber
data
and
rigorous
evalua$on
of
what
really
works
and
easy
access
to
compare
interven$ons.
14. Targeted
Interven'ons…
We
have
iden$fied
many
projects
and
programmes
which
address
par$cular
gaps
in
the
labour
market.
hbp://makethingsdostuff.co.uk/
15. Learn
more
at
our
workshops…
a) Accelerator
Workshop
–
Vicki
Sellick
b) Challenge
Prizes
Workshop
–
Tris
Dyson
c) Big
Data
Workshop
–
S$an
Westlake