The banking group says its new programme, CareerSense Find Your Path, an extended version of its existing employability scheme, specifically targets 16-to 24-year-olds that have found themselves out of education or the workplace.
The first cohorts will join the four-month programme in Inverclyde, Manchester and London in conjunction with its regional partners.
These include Glasgow-based Tigers Limited Training Initiative, HideOut Youth Zone in Manchester and Inspire in London.
NatWest said Liverpool-based Career Connect was expected to support the programme from 2022.
Participants will be offered peer to peer mentoring, a one-month period of paid work experience and skills development support from the banking group.
It is hoped 100 young people who are NEET will be enrolled over the course of three four-month long programmes.
The initiative follows research carried out on behalf of NatWest which shows almost half of 16-to 24-year-olds have been concerned about their ability to secure a job since the pandemic started.
The poll, which surveyed more than 8,000 young people in October, also found 39 per cent were worried about succeeding in the workplace and 38 per cent about their ability to succeed in education.
Achieving lasting job security was a worry for 44 per cent of these young people with a 78 per cent reporting concerns over work had impacted their mental health in some way.
For just under a third of respondents, being worried about work had resulted in a large impact on their emotional wellbeing.
The research also highlighted confidence and self-belief and inability to afford costs as the main barriers to those that were NEET securing employment, education or training.
Joe Amos, head of youth work at Hideout Youth Zone, said the programme would provide new opportunities for its members to be supported in building their skills and confidence.
“Employability and enterprise are key parts of our core delivery at HideOut Youth Zone, and we know that a high percentage of our current members require additional support to help raise their aspirations to enter future employment.
“Programmes like this really help to expand our offer for the young people of Manchester,” he said.
Latest figures from the Office of National Statistics show the number of young people who were NEET has hit a record low compared with the first quarter of this year and the same period for 2020.
In April to June 2021, there were an estimated 631,000 young people in the UK who were NEET, a drop of 104,000 compared with January to March 2021, and down 144,000 compared with April to June 2020.
The ONS says the percentage of all young people who were NEET in April to June 2021 was estimated at 9.3 per cent, another record low.
Meanwhile a multi-million pound partnership with McDonald’s UK has been announced by BBC Children in Need to support youth work services across the country.
The charity said McDonald’s UK was committed to fundraising £10m over the next five years to support its projects that were helping disadvantaged children and young people to reach their full potential.
BBC Children in Need is the largest independent funder of youth work in the UK, currently funding more than 700 projects to a value of £49m.
