Summary
The government has announced a plan to create 50,000 new apprenticeships to help reduce youth unemployment. This initiative is part of a £725 million budget package focused on supporting young people and includes additional funding for training and work placements. The program aims to reverse the decline in apprenticeships and offers full funding for young people under 25 in small to medium businesses.
Key Facts
- The government plans to create 50,000 new apprenticeships to support young people.
- A £725 million budget package will fund this initiative over the next three years.
- Apprenticeships in AI, hospitality, and engineering will be included in the program.
- Full funding will be provided for young people under 25 at small and medium-sized businesses.
- An extra £140 million will go toward a pilot program to link young people with job opportunities through local mayors.
- The government will offer short courses in AI, engineering, and digital skills in collaboration with the defense sector starting next Spring.
- Nearly a million young people aged 16 to 24 are currently not in employment, education, or training.
- From next April, 55,000 six-month placements will be available, fully subsidized for those on benefits for over 18 months.
