The Future Jobs Fund
The Department for Work and Pensions has launched a new investment programme to tackle unemployment for young people aged 18-24.
The government has pledged £1bn, and any organisation from the public, private or third sector can apply for funding with the long term aim of creating 150,000 additional jobs aimed at young people who have been out of work for nearly a year to deliver real benefits to communities.
During these tough economic times, it is important that our young aspiring men and women have access to work, training and education. This is a new approach for creating jobs and will provide hope for young people and job seekers in deprived communities.
Organisations in Streatham, which is one of the youngest constituencies in the country, can take the lead in providing new jobs for young people.
Lambeth First has already been awarded more than £1.2 million to help 18-24 year olds into local work under the Future Jobs Fund. The new central government funding will help create 198 new jobs in the borough over the next six months for young people who would normally be at risk of becoming long-term unemployed.
The government anticipates that 10,000 new jobs are to be created within the culture, media and sport sectors following successful bids to the Future Jobs Fund.
For more information visit the Future Jobs Fund site.
