Britain’s unemployed young people are being given a major as the Youth Contract opened for business on the 2nd April 2012 according to DWP. Nearly half a million young people are set to benefit as £1 billion becomes available to get them into new jobs or training.
The Youth Contract, launched by the Deputy Prime Minister Nick Clegg and Minister for Employment Chris Grayling, supports businesses to get young people earning or learning. The Government is determined to tackle youth unemployment and those out of work aged between 16-24 are urged to go to their Job Centres to ask about the opportunities available to them.
The Youth Contract services include:-
Britain’s biggest businesses are crucial in tackling the shared goal of getting young people into work and training.
A group of Britain’s biggest companies, spearheaded by Morrison’s, are signing up to the Youth Contract to get 50,000 unskilled young people into work over the next three years. The 16-24 Alliance has the ambition of dramatically bringing down youth unemployment. The Alliance includes Morrison’s, E-On, Phones4U and Barclays.
One way that companies from the Alliance can help is by taking on unemployed young people through the Youth Contract wage incentive. But instead of banking the money, the funding will allow the alliance to invest in specialist charities to train up and support young people who lack the skills for the world of work.
Deputy Prime Minister Nick Clegg said:
"We’re determined to tackle youth unemployment and set young people on the path to work before long-term damage is done."
"Today is a major moment for Britain’s unemployed young people. The message is clear – if you’re under 25 and don’t have a job, we are putting the money in to get you earning or learning through the Youth Contract. If you want to work or train, then we – together with businesses – will help you."
"Big business has a huge role to play in getting young people into work and I’d like to congratulate the 16-24 Alliance for committing to using money from the Youth Contract to help the young people who need it most to join the world of work."
Employment Minister Chris Grayling said:
"Youth unemployment is one of the biggest challenges this country faces and we’re determined to make a difference to a problem that’s been building up for much of the past decade.
"What we’re offering through the Youth Contract is real practical support to both employers and job seekers which we hope will give young people a head start in the labour market."
The package of measures has received widespread support from businesses and builds on policies including the Work Programme and work experience placements.
Skills Minister John Hayes said:
"By reviving apprenticeships, this Government is helping thousands of young people discover the purposeful pride that builds successful careers, thriving firms and strong communities.
"In the past smaller firms have been deterred from hiring an apprentice due to perceived logistical, training and administrative costs but the new incentives of £1,500 are encouraging SMEs to give thousands of young people a great start to their working life."
John Cridland, CBI Director-General, said:
"The Youth Contract is a great way of encouraging more businesses to take on young unemployed people up and down the country.
"Youth unemployment is a real concern, and by helping firms cover the costs of employing and training a young person, the Youth Contract should make an impact where it matters."
John Longworth, Director General of the British Chambers of Commerce, said:
"Business isn’t just good for Britain – it’s good for young people, too. Companies tell me they are ready to play their part to support the next generation into work, since young people are vital to future business success.
"Yet for too many businesses, economic uncertainty has made it tough to hire more young people over recent months. Companies are concerned that many lack basic skills or past work experience. That translates into higher training costs and greater risk for employers.
"The Youth Contract will significantly reduce those risks, and give employers more confidence to invest in young people."
Barnardo’s Chief Executive Anne Marie Carrie said:
"Barnardo’s is committed to being part of the solution when it comes to providing tailored, dedicated support to young people looking for work. We see our participation in the Youth Contract as vital because of our expertise in transforming the lives of those most in need."