JP Morgan Chase Commits £40m to Boost UK Economy

JP Morgan Chase has announced a £40 million investment in the UK aimed at connecting young people and underserved communities to economic opportunities and driving sustainable economic growth. This new commitment brings the company’s total UK investment since 2019 to £90 million.

The investment, to be deployed over the next five years, focuses on enhancing financial health and career skills. Of the total amount, £24 million is earmarked for improving job access for young people and underserved communities. The remaining £16 million will support families in building stronger financial futures.

As part of its initiative to reduce barriers to entry-level positions, JP Morgan Chase will expand its skills-based hiring, particularly for operations and technology roles. The company plans to work with non-profit organisations to provide young people with better career guidance, employability support, and training.

Additionally, JP Morgan Chase will run in-house programs offering mentoring, workplace visits, and skills sessions to prepare young people for successful careers at the bank or other firms.

The commitment to supporting UK families includes developing user-friendly financial management tools and collaborating with non-profits to help low-income groups. The aim is to improve access to affordable credit and empower individuals to build financial resilience.

For fintech founders, JP Morgan Chase’s payments business will launch an accelerator program designed to enhance their financial health. This program will provide solutions to help fintech companies manage their finances more effectively.

Jamie Dimon, chairman and CEO of JP Morgan Chase, commented on the investment, stating: “Our intent is for these new investments to continue to help us serve clients, hire great people, and collaborate with the UK government and local partners to create new investment opportunities and encourage others to get involved too.”