Deputy prime minister Nick Clegg has unveiled the youth contract scheme, which will operate over the next three years.
The plan will see £1 billion being provided to employers across the country so that they can supply work and training placements to those between 18 and 24 years old.
Up to 160,000 youths are set to benefit from the strategy, in which each business will be able to take advantage of subsidies worth £2,275 in order to bring young people into the workplace for six months at a time.
Commenting on the new youth contract scheme, Mr Clegg told BBC Radio 4's Today programme: "It provides hope to the many, many young people who, at the moment, are feeling, very anxious and uncertain about their future."
News of the strategy follows on from the release of statistics by the Department for Education, which revealed that the number of youths in the UK not in education, employment or training has now topped a record high of 1.16 million.
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Posted by Wayne Bly
Via: Salespeak News