FSB in London is asking the Mayor of London to
introduce a scheme that will promote the intake of graduates onto
internships for small
businesses
The recent survey by the ONS revealed that
currently there are 949,000 16 to 24-year-old that remain
unemployed. Many of these will be graduates that have still not
been able to find a graduate position let alone a job since
graduating from university.
Up to 23% of small businesses that are part of
the Federation of Small Businesses (FSB) have said that if they had
the right support from the Mayor of London to introduce and promote
increased support they would take on more graduates.
This has prompted the FSB to put pressure on
the Mayor of London to promote the graduate schemes offer for small
businesses and to create around 5,000 internship places. This could
be through central funding for universities and would also generate
2,300 jobs alone for small businesses.
Employers are currently worried about the cost
of taking on and training a graduate intern. Yet the statistics
do show that 46% of graduates who took on a graduate internship
scheme went on to secure long term employment with their
original graduate internship employer or other long term
employment, with some also starting their own business.
Sue Terpilowski, Greater London Policy
Chairman, Federation of Small Businesses, said: "The England-wide
Graduate Internship Scheme, which came to an end earlier this year,
proved highly successful in London, with some interns going on to
start their own companies and others being offered full-time
positions with the business they worked for.
"The investment needed to reintroduce the scheme going forward
would be more than outweighed by the contribution that the Treasury
would see in reduced benefits payments and the increased tax-take
from those that gain employment as a result of the internship.
"The UK’s young people are the future of the economy, yet we are
seeing youth unemployment approaching one million. It is time that
the Government invested into this vital sector so that we don’t see
a generation of youngsters consigned to the dole queue.”
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