Each company taking part in the programmes will be positioned to create at least 500 jobs in the next five years. The first programme focusing on ventures in the UK and Ireland has launched and will run until early October, with additional programmes launching in the US later this year and in Asia in early 2017.
The 11 UK companies selected to participate focus on a diverse range of global challenges, including food production, remote healthcare support, deforestation, water shortage, wastewater treatment, and sustainable recycling.
The entrepreneurs will receive focused and bespoke support, advice, and guidance from business experts, serial entrepreneurs, and key funders to help them scale their ventures and create the much needed jobs of tomorrow.
Richard Heggie, Head of High Growth & Entrepreneurs at Barclays said: “Scale-ups are vital to spurring economic growth across the UK. This programme is another example of our focus on energising and supporting ambitious entrepreneurs in their challenging scale up stage, underlining Barclays’ Shared Growth Ambition, and backing the future disrupters of tomorrow.”
Daniel Epstein, founder and CEO of Unreasonable Group said: “Within the next four years, it is estimated that we will need 212 million new jobs to accommodate current unemployment and projected job loss due to new industries. We are privileged to be partnering with Barclays because both organisations believe the solution to alleviating global unemployment lies in supporting and scaling high-growth entrepreneurs as job creators.”