JPMorgan Chase has announced £40m in new investments over five years to help connect young people and underserved communities to economic opportunities.

It is specifically increasing its support in two focus areas: financial health and careers and skills.

The 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 gutures (£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.

JPMorgan Chase's chairman and CEO Jamie Dimon said: “The U.K. has always been a home for innovation and top talent, which is what makes it a great place to do business, and is why we have been here for 200 years.

!Today, we’re reaffirming our commitment to the country by helping create economic opportunity for families and businesses from London to Glasgow and Bournemouth to Manchester.

“Our intent is for these new investments to continue to help us serve clients, hire great people, and collaborate with the U.K. government and local partners to create new investment opportunities and encourage others to get involved too.”

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