Nick Clegg launches a contract scheme, using £126 million
to tackle youth
The new initiative, which is led by Deputy
Prime Minister Nick Clegg, plans to put £126 million into a scheme
aimed at encouraging NEETS (teens who are not in education,
employment or training) to obtain some form of work or
Forming part of the governments youth contract
scheme to address growing youth unemployment, it aims to provide
businesses and charities with the chance of applying for up to
£2,200 worth of funding to employ them.
Mr. Clegg said; "Sitting at home with nothing
to do when you're so young can knock the stuffing out of you for
"It is a tragedy for the young people involved
- a ticking time bomb for the economy and our society as a whole.
This problem isn't new, but in the current economic climate we
urgently need to step up efforts to ensure some of our most
troubled teenagers have the skills, confidence and opportunities to
With the amount of youth unemployment hitting
1.04 million in December 2011, it is important to reduce this
number as during these years they are the most important in
developing your career.
Nick Clegg also commented that "I think it is
incredibly important that, at that very vital moment in someone's
life, when they are in their teens, that they don't lose the
ambition and the hope and the optimism about working. Because once
that is lost, all the evidence is that it has a long-term scarring
effect and makes it very difficult for youngsters to move into
stable employment as adults."
Although this is a good sign for our current
youth, the amount of graduates that are unemployed and the lack of
government support in jobs growth, means that the UK may suffer
from a brain drain as more and more graduates look abroad for
graduate jobs. The
government needs to provide more incentives for business to employ
graduates, otherwise risk losing them.