Boris Launches New Fund to Help Young Londoners

education news boris johnson

The Mayor of London, Boris Johnson launched a new initiative to help tackle the growing number of unemployed young people inLondon. As we continue our quest to bring you all the education news and career information that matters, Young Academic can reveal that the scheme was launched on the same day as the latest unemployed figures were announced by the government, showing yet again that youth unemployment is on the rise.

The Mayors fund offers additional funding to small and medium sized businesses that are willing to take on young apprentices aged between 16 and 24. These businesses will be able to claim £1,500 for each young person employed. It is hoped that this new scheme will help the Mayor achieve his aim of creating 100,000 new apprenticeship jobs in Londonby the end of 2012. In particular, the scheme aims to target the small and medium sized businesses in ‘techcity’, allowing young city dwellers to have access to successful IT jobs in London.


Tim Campbell, the Mayor’s Ambassador for Training andEnterprise, said: “Small and medium sized companies are going to be at the heart of the country’s growth and are essential partners in the apprenticeship drive. This commitment to provide an incentive payment to eligible companies reinforces how important a partner they are and just how committed we are to getting companies of all sizes to benefit from having an apprentice.”

In addition to the fund for new graduate IT jobs, the Mayor also launched a new initiative called ‘Skills for Success’ in conjunction with eight of London’s most successful businesses, Bloomberg LP, BT, P&G, KPMG, Citi, IBM, Addison Lee and Barclays. The ‘Skills for Success’ scheme will allow young people, aged 14-19, the opportunity to attend training sessions, seminars and workshops to help look at career options and prepare them for the world of work. The training offered by the employers includes CV writing skills, tours of the workplace and work shadowing placements. By partnering with successful businesses, it is hoped that young people will become inspired by role models and consider potential routes such as IT, finance, or marketing roles.

The Mayor of London, Boris Johnson, said: “In an ever competitive jobs market it is essential that young people are given the skills they need to prepare for and succeed in the world of work. Apprenticeships and job training schemes are fantastic ways for employers to tap into the pool of talent we have inLondon, while giving young people vital experience of what employers are looking for. I urge smaller firms to check out the new incentive payments that are available for apprenticeships and strongly encourage big companies to join Team London so we can roll out the Skills for Success initiative right across this city.”



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