IP Group news 0

IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property-based businesses, is pleased to announce a new charity partnership with IntoUniversity, a new, annual ‘charitable volunteering days’ policy for employees and an additional charitable donation to mark its 20^th anniversary.

IP Group has agreed a new three-year charity partnership with IntoUniversity, an educational charity that provides an innovative programme that helps young people to raise their ambitions, broaden their horizons, improve attainment, develop soft skills, and gain experience of the world of work, ultimately supporting students to have successful futures. IP Group has committed to a yearly donation of £30,000 which will directly benefit IntoUniversity’s Brixton centre which specialises in support for STEM (Science, Technology, Engineering and Maths) subjects and is based in the Streatham Hill ward of Lambeth, which is among the 25% most deprived neighbourhoods in the country. Since its opening in 2011, the centre has supported more than 5,000 young people.

In addition, IP Group has launched a new ‘volunteering days’ policy which provides each member of staff with a maximum allocation of three volunteering days every year to support charitable causes of their choice. With current levels of staffing, this is equivalent to approximately 315 days a year being available for volunteering.

IP Group is also pleased to announce a one-off charitable donation of £20,000 in 2021 as part of its plans to mark its 20th anniversary. The Group aims to make this donation to 20 causes chosen by staff.

David Baynes, Chief Operating Officer of IP Group plc, said: “We are delighted to launch these new charitable initiatives as part of the Group’s ongoing commitment to supporting the communities in which it operates. The new partnership with IntoUniversity is closely aligned with IP Group’s purpose by supporting young STEM talent and will benefit the local community while helping nurture future generations of scientists, engineers, and inventors.”

IP Group also aims to support IntoUniversity through events and by promoting volunteering opportunities to its staff. The first such event was an Insight morning hosted virtually by IP Group employees in June.

Hannah Purkiss, Director of Operations for IntoUniversity, said: ‘'IntoUniversity is delighted to be partnering with IP Group in support of our STEM centres and programmes over the next three years. We are very grateful for their generous funding support, which will enable our learning centre in Brixton to continue supporting over 1,000 children and young people each year to achieve their full potential, and we are excited for volunteers from the firm to work with our students across a range of our programmes - acting as inspirational role models and sharing their professional advice and expertise with young people who are seeking careers in the STEM sector.”

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Alan Aubrey, Chief Executive Officer Greg Smith, Chief Financial Officer Liz Vaughan-Adams, Communications	+44 (0) 20 7444 0050 +44 (0) 20 7444 0062/+44 (0) 7979 853802
Charlotte Street Partners
David Gaffney Andrew Wilson	+44 (0) 7854 609998 +44 (0) 7810 636995

 

Notes for editors

About IP Group

IP Group is a leading intellectual property commercialisation company which focuses on evolving great ideas, mainly from its partner universities, into world-changing businesses. The Group has pioneered a unique approach to developing these ideas and the resulting businesses by providing access to business building expertise, capital (through its 100%-owned FCA-authorised subsidiaries IP Capital and Parkwalk Advisors), networks, recruitment and business support. IP Group has a strong track record of success and its portfolio comprises holdings in early-stage to mature businesses across life sciences and technology. IP Group is listed on the Main Market of the London Stock Exchange under the code IPO.

For more information, please visit our website at www.ipgroupplc.com.

About IntoUniversity

IntoUniversity is a national education charity - Registered Charity Number 1118525 (England and Wales) and SC049776 (Scotland) - which runs local learning centres that are inclusive of all academic abilities and help young people to achieve their chosen aspirations through a combination of academic support, mentoring and aspiration-raising workshops. www.intouniversity.org

IntoUniversity currently runs 34 centres in 16 towns and cities across the UK. IntoUniversity centres have a strong track record of improving outcomes for young people in England. In 2020, 71% of IntoUniversity students secured a university place compared with 26% of school leavers from similar backgrounds. https://intouniversity.org/content/our-impact

About IntoUniversity Brixton

IntoUniversity Brixton was IntoUniversity’s eighth centre to open in London. The centre was officially launched in December 2012 and supports over 1000 students per year, through IntoUniversity’s innovative programme of academic support, mentoring and aspiration-raising workshops.

In 2020, 71% of school leavers from IntoUniversity Brixton students secured a university place compared with 26% of school leavers from similar backgrounds. https://impact.intouniversity.org/see-our-centres/brixton/student-destinations-brixton