In 2002, Jakszyk was instrumental in the establishment of the 21st Century Schizoid Band, which specialised in performing the 1960s and 1970s repertoire of King Crimson and featured several ex-members/associates of the band - Ian McDonald, Mel Collins, Peter Giles and Michael Giles (the latter later replaced by Ian Wallace). Jakszyk led the band, playing guitar and singing. Over a five-year period, the 21st Century Schizoid Band played occasional tours in the UK, North America and Japan. The band was well received by audiences, and released several live albums plus a concert DVD. Its work came to a halt in 2005 due to lack of funding and difficulties in finding worthwhile arrangements for tours: Wallace's death in 2007 finally put an end to the project.