£1 Billion to tackle youth unemployment

by adamboyden on 5 December, 2011

Lib Dem Leader and Deputy Prime Minister Nick Clegg has outlined a £1 billion pound Youth Contract to tackle youth unemployment. The aim is to ensure that all jobless young people are earning or learning again before long-term damage is done.

  • Over three years, the Youth Contract will provide at least 410,000 new work places for 18 to 24 year olds into work. Starting April 2012.
  • Including 160,000 wage subsidies and 250,000 new work experience placements.
  • In addition, there will be at least 20,000 more incentive payments to encourage employers to take on young apprentices.
  • A new programme to help the most disengaged 16 and 17 year olds – getting them back to school or college, onto an apprenticeship or into a job with training.
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