Today, the Chancellor will set out our Plan for Jobs, focusing in particular on support for young people, as we continue our economic recovery from coronavirus.
- Throughout the coronavirus crisis, we have put in place a £160 billion plan to protect people’s jobs, incomes and businesses – one of the largest and most comprehensive in the world. Young people bear the brunt of most economic crises, and they are at particular risk this time because they work in the sectors disproportionately hit by the pandemic.
- That is why the Chancellor will today set out a bold plan to protect, support and create jobs – a Plan for Jobs. It will include the biggest package of support for youth unemployment including a landmark Kickstart Scheme – a £2 billion fund that will create hundred of thousands of new, high-quality, Government-subsidised jobs for young people at risk of long-term unemployment.
- We will also announce a £111 million investment to triple the scale of traineeships in 2020-21, an extra £32 million for the National Careers Service to provide tailored jobs advice to a quarter of a million more young people, and £17 million of funding to almost triple the number of sector-based work academy placements in 2020-21.
- Building on the Prime Minister’s New Deal for Britain, our Plan for Jobs will help us to bounce back from coronavirus and secure the UK’s economic recovery.