AssetID: 55558168
Headline: UNCAPTIONED: Government Offers Grants To Boost Youth Employment
Caption: Government Offers Grants To Boost Youth Employment. The UK government is planning to pay companies to hire more unemployed young people as part of a major effort to tackle rising youth unemployment. Under the proposals, businesses will receive a £3,000 grant for every person aged 18 to 24 they employ who has been out of work for six months or longer. Smaller companies will also be offered £2,000 for each new apprentice they take on. Ministers say the scheme could help create around 200,000 jobs, backed by £1 billion in funding. Work and Pensions Secretary Pat McFadden is expected to formally announce the Youth Jobs Grant, which could support around 60,000 people. The government will also expand an existing job guarantee scheme for those on Universal Credit who have been searching for work for more than 18 months, raising the age limit from 21 to 24. The move comes as the number of young people not in education, employment or training, known as “Neets”, approaches one million. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Government,UK,offers,grants,boost,youth employment,proposal,businesses,receive,grant,every person,18 to 24,employ,NEETS funding,minsters,backing,politics,companies
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