One million pounds isn’t always a lot of money.
Just ask Manchester Utd, who sold Paul Pogba as a teenager for a six-figure fee, but have now had to pay it 90 times over to get him back four years later.
Or perhaps £1m is small change to the CEOs at businesses that turn over half a billion pounds a year (it can mean something different to finance officers looking at pre-tax profit or operating margins, though.)
But one million pounds is a huge amount of money to The Prince’s Trust.
You’ve no doubt heard of the trust: a youth charity that helps disadvantaged youngsters into work, training and education, which was founded by The Prince of Wales in 1976.
This year is its 40th anniversary, and to mark it The Prince’s Trust has thrown down a challenge to the built environment sector. The Million Pound Challenge, to be precise.
The sector’s relationship with the trust is already strong: the Built Environment Leadership Group was established 10 years ago, through which firms like Balfour Beatty, Costain and Wates drive fundraising activities.
Now, construction has to throw its collective weight, enthusiasm and passion behind initiatives to help raise that magic seven-figure sum over the next eight months.
Current BELG chair James Wates is leading the charge: “We hope to raise £1m in a year but we still need many more companies to take part in this collaboration,” he says.
Companies already involved include Wates, Balfour Beatty, Costain, ENGIE, ISS, Rydon, Systech and UPP, while a number of the Trust’s partners can be found here too.
But as Mr Wates says, it’s only by more businesses getting involved and coming together – as this industry is evidently capable of – that this ambitious target can be met.
The Prince’s Trust is organising a series of fundraising initiatives that contractors, clients and suppliers can take part in, donate to or, rumour has it, put their CEO forward for (keep an eye on CN for more on that soon).
It should not need spelling out to anybody why the construction sector stands to benefit from training more young people in the type of skills that can launch new careers.
The trust has called upon this industry, which contributes so much to the economy and society, to help celebrate its 40th anniversary by meeting a vital and desperately needed fundraising challenge head on.
Your business and staff can heed that call.
Construction News is an official media partner for The Prince’s Trust One Million Pound Challenge.
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