One of Birmingham’s biggest employers has launched a £500,000 drive to help talented students on the road to academic success.

The National Express Foundation was started by the travel firm, which is based in the city, in the wake of last summer’s riots to help youngsters from disadvantaged backgrounds.

Cash will be given to colleges, universities and community groups to provide bursaries for students in higher and further education.

It will award £10,000 each year to several colleges and universities to help youngsters who find themselves in financial difficulties with living costs.

It will also provide up to £30,000 a year to groups working with young people.

The foundation is being backed by Ladywood MP and shadow minister for higher education Shabana Mahmood, who has joined the foundation’s board of trustees.

She said: “I am pleased to be joining the board of trustees, particularly because the focus of the foundation’s work is on helping students, young people and community groups who are in need of support. This sort of support is much needed in Birmingham and I look forward to celebrating the many successes that lie ahead.”

National Express started developing the foundation following the looting and violence which swept through Birmingham and elsewhere last August.

It will also help teenagers living in East London and South Essex.

Anthony Vigor, director of policy and external affairs, urged local education institutions and groups to apply for a slice of the funding.

He said: “As Birmingham’s largest private employer we take our local responsibilities seriously.

“That’s why we are delighted to launch this foundation and provide support to local students and community groups. I encourage as many local colleges, universities and community groups as possible to apply.”

See www.nationalexpressgroup.com/foundation.