The UK government has released a 1,000 (37,374) cash incentive scheme to help businesses with the cost of providing an internship aimed at providing employment to young people.
“The new program helps young people gain the skills and experience they need from the beginning, allowing them to pursue work, training, or further study,” the Department of Education and The. The treasury said.
The funds are expected to be available by July 31 this year, Xinhua news agency reported.
The document states that businesses that offer new training opportunities will receive a bonus of 1,000 1,000 per coach with a maximum of 10 coaches.
The announcement comes as Britain’s unemployment rate for those aged 16 and over rose to 5 percent between September and November 2020, the Office for National Statistics (ONS) said on Tuesday.
1.72 million people were out of work in three months, up from 418,000 a year earlier and 202,000 in the previous quarter as the country’s labor market continued to be hit hard by the Govt-19 epidemic.
“The annual increase from October to December 2009 was the largest, and unemployment peaked from July to September 2015,” ONS said.
The UK is currently under a third national lockout since the outbreak of the disease in the country.
Similar regulatory measures are in place in Scotland, Wales and Northern Ireland.
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