"These measures will give life-changing opportunities to young people and significantly reverse the increase we inherited in those not in education, employment or training. We are focusing funding where it's needed most and giving employers the flexibility and support they've asked"
"The Youth Jobs Grant, offering businesses 3,000 for each 18-24 year old hired who has been unemployed for six months or more, supporting an estimated 60,000 individuals. A new apprenticeship incentive will provide small and medium-sized businesses (SMEs) with 2,000 for every new 16-24 year old employee."
The Work and Pensions Secretary Pat McFadden is announcing a £1 billion employment initiative designed to address youth unemployment and reduce the number of NEETs (young people not in education, employment, or training). The package includes a Youth Jobs Grant providing businesses £3,000 for hiring 18-24 year-olds unemployed for six months or longer, targeting approximately 60,000 individuals. An apprenticeship incentive offers SMEs £2,000 per new 16-24 year-old employee. The existing jobs guarantee program, which provides six-month roles to Universal Credit claimants unemployed for 18 months, will expand to include those up to 24 years old. The initiative aims to reverse the growing youth unemployment trend and provide employers with flexibility and support.
Read at www.independent.co.uk
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