By IANS,
London: The British governmentplans to create hundreds of thousands of new employment opportunities for youngsters through a one billion pound scheme which will see up to half their wages being paid by taxpayers.
As per the Youth Contract, companies will get generous incentives for offering jobs to Britain’s 1.1 million unemployed youngsters.
Individuals failing to sign up to the scheme will be considered for mandatory work activity, while those who drop out will lose their benefits, the Daily Mail reported.
For creating every new position, the employers will be paid 2,275 pounds equating to half of the youth national minimum wage for a six month period.
The scheme that begins from April 2012, will run for three years and will aim to find at least 410,000 work places for individuals aged between 18 and 24.
The British government will also provide extra funding for apprenticeships and a 50 million pound programme to help unemployed 16 and 17-year-olds.