Deputy Prime Minister Nick Clegg has unveiled a £1bn government scheme to tackle youth unemployment.
The Youth Contract Scheme aims to offer incentives of more than £2,275 for each 18-25 year old an employer recruits.
The cash injection plans to create 250,000 work experience places. This is in addition to 20,000 incentive payments to support employers in creating apprenticeships.
Carmen Watson, managing director of recruitment consultancy Pertemps Network Group, said many young people enter the job market with the right abilities and ambition, but a lack of work experience.
She added: “Providing opportunities for young people to gain entry into jobs will offer a new glimmer of hope for 18-24 year olds, particularly those that have been out of work for long periods of time.
“Businesses that have plans to expand now have avenues to recruit among sections of society where there is a huge amount of potential. As a result, they now have the support to invest in the future of the nation’s workforce and also the future of their own businesses.”
A further £126m will be invested to help teenagers into education, employment or training.
BCS launches £30,000 bursary scheme
Recently, the British Computer Society (BCS), the Chartered Institute for IT, launched the BCS Education Bursary.
The BCS Education Bursary aims to promote computer science in schools, colleges and universities.
The bursary of up to £30,000 was launched to commemorate the centenary year of the birth of mathematician and computer scientist Alan Turning. The Chartered Institute for IT aims to assist in between 30-60 different computing-related projects that schools, colleges and universities are participating in.
All academic institutes can apply for funds of either £500 or £1000 to help them deliver their computer science project.
The deadline for applications closes 1 June 2012, with the winners announced on 25 June. A panel of expert judges, from within the industry, will select the winner.
Bill Mitchell, director BCS Academy of Computing noted that in January, Michael Gove, secretary of state for education, publicly endorsed the importance of teaching computer science in schools.
“In the same way students have the opportunity to learn physics, chemistry, and biology we should offer every student the opportunity to learn the workings of the digital systems that pervade their world. The UK has a great history of innovation, it is important we continue to nurture talent and give people the right opportunities to create,” he added.
To apply for the BCS Education Bursary, fill out the online application form.