JPMorgan Chase Commits £40 Million More to Help Drive Sustainable Economic Growth in the United Kingdom

Today JPMorgan Chase expanded its commitment to the United Kingdom by announcing £40 million in new investments over five years to help connect young people and underserved communities to economic opportunities – bringing the firm’s total commitment since 2019 to £90 million. Building on learnings from the firm’s 200 year history of doing business in the U.K., JPMorgan Chase is increasing its support in two focus areas: financial health and careers and skills.

With its expanding business presence and growing employee base, the firm is a major employer in cities including London, Bournemouth, Glasgow, Edinburgh and more recently a presence in Manchester, Leeds and Bristol. As the firm continues to grow across the country, it aims to further identify new opportunities for investment in local communities.

Over the last five years, the firm’s philanthropic investments have made an impact in supporting underserved communities. At the same time, its business continues to support companies of all sizes, invests in essential sectors and services and supports consumers’ banking needs. To support the U.K.’s increased policy focus on sustainable economic growth, JPMorgan Chase is expanding its philanthropic and business investments by applying its unique expertise, insight and resources across the firm to help further drive inclusive economic development.

Today’s £40 Million Announcement Aims to:

• Improve Access to Job Opportunities (£24 million): As an employer, the firm is reducing barriers to entry-level positions and improving access to quality careers with a recent focus on operations and technology jobs, among others across the firm. Through its support to non-profit organisations the firm will help young people access better career guidance, employability support and training to start their careers.
• Help Families Build Stronger Financial Futures (£16 million): The firm is supporting the development of easy-to-use financial management tools – offering solutions to help U.K. residents better manage their day-to-day finances. For low-income groups that cannot access mainstream banking, JPMorgan Chase will support non-profit organisations working to improve access to affordable credit and empower people to build buffers against financial shocks.

In addition to these new commitments, and building on the firm’s work to support small business growth, JPMorgan Chase will partner with the U.K. Government, British Business Bank and other industry leaders with the goal of strengthening the small business ecosystem and supporting diverse entrepreneurs and investors, particularly those in the innovation economy and in industries that could include technology, disruptive commerce, life sciences, healthcare IT and climate technology.