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OnSide North West has announced that it will receive a substantial donation towards its core running costs from Palatine Private Equity for the next three years.
OnSide has set up four Youth Zones in four years, which receive nearly 10,000 visits from young people each week, with two more in progress. The charity has historically been funded through a mixture of central government, Big Lottery Fund and private sector investors and relies on investment of this nature to continue its work. The charity employs nine people and has annual running costs of £500,000.
Bill Holroyd, founder and chair of OnSide North West, said, “We’re absolutely delighted that Palatine PE has decided to invest in the OnSide vision. With more than one in six young people in England not in education, training or employment, it’s clear that we need to give young people as many opportunities as possible to learn new skills and build their confidence, and that’s what Youth Zones do. With support from forward thinking organisations like Palatine PE, OnSide can continue to make a difference to the lives of thousands of young people in the North West and beyond.”
Gary Tipper, Managing Partner, Palatine Private Equity, said: “After visiting the Oldham Youth Zone we saw first hand the fantastic work that Bill and the rest of the OnSide team are doing to enhance the lives of young people living in the North West. Palatine is delighted to be able to support OnSide so that they can continue to build Youth Zones and change the lives of many more young people.”