Since then, progress towards the vision originally conceived in 2004 by then Home Secretary David Blunkett and Chancellor Gordon Brown has been patchy. The report was unveiled last March, but the charity designed to put this revolutionary theory into practice was only launched on Monday.
The charity, known as v, will be backed by up to 150m over the next three years, with 50m guaranteed by government. The charity needs to raise a further 50m from the private sector, which the Government will match fund.
Getting the private sector involved was designed to open up numerous new volunteering opportunities for young people, and about 10m in private funding has already been secured from sources such as T-Mobile, ITV, KPMG, MTV, Tesco, Sky and The Hunter Foundation.
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