The Prince of Wales Helped to Raise Money for Youth Business Russia during the ICAP Charity Day

08.12.2010

The Prince of Wales Helped to Raise Money for Youth Business Russia during the ICAP Charity Day

On 8th December The Prince of Wales, along with his son Prince William, helped to close deals for the global interdealer broker ICAP, as part of the ICAP Charity Day. The money raised during ICAP Charity Day will go to support four members (Brazil, China, Russia and South Africa) of the global Youth Business International network, which helps young people start up their own business in nearly 40 countries worldwide. In Russia, the funds will support the development of Youth Business Russia, enabling it to expand its presences across Russia to support more young entrepreneurs.

The proposed activities for each country are designed to provide a platform for real growth for each organisation.

In China, the funding will allow Youth Business China to train its local office staff across 12 locations, enabling an additional 1,200 young entrepreneurs to be supported over a 15 month period.

In Russia, the funds will support the development of Youth Business Russia, enabling it to expand its presences across Russia to support more young entrepreneurs.

In South Africa, the funds will help to transform the way that the National Youth Development Agency is able to mentor young entrepreneurs, improving the survival rates of thousands of new youth business start-ups.

In Brazil, YBI’s member Conexão will use the ICAP funding to provide training and funding for 40 new entrepreneurs and create additional employment opportunities for over 100 people.

Michael Spencer, Group Chief Executive Officer, ICAP said:

“Our vision for ICAP’s Charity Day is that we give something meaningful back to the global community we live and work in. Charity Day for us is a collaborative effort – it is a day when our staff, customers, suppliers and beneficiaries, all pull together to give 100%.”

The ICAP Charity Day takes place in 50 offices in 32 countries, to help boost trading volumes and the resulting total revenue for the day. Since 1993, ICAP has raised £64 million globally and has supported more than 800 charities.