The news follows a recent report from think tank The Social Market Foundation, which found that half of the 1,000 respondents of young people aged 16-25 said they have “lowered their ambitions” since the pandemic.
Against this backdrop, the supermarket chain is also extending its partnership with The Prince’s Trust for a further five years with the ambition to reach 200,000 young people most in need.
Natasha Adams, chief people officer, Tesco, said: “Inequalities in society are having a big impact on the outlook and chances of young people.
“We must not allow a two-tier system to emerge where some are equipped with the confidence to get on and others are left behind. Businesses like ours need young, diverse talent. We are committed to creating opportunities for all and want young people to see that everyone’s welcome at Tesco, whoever you are and whatever your background.”
Jonathan Townsend, UK chief executive, The Prince’s Trust, added: “More than ever, it’s crucial that we work with partners like Tesco to support young people to upskill, train and access job opportunities; long term commitments such as these mean we can make a real difference to the lives of young people across the UK.”