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£1 Billion Youth Jobs Grant Aims to Combat Unemployment

3/16/2026

Summary

Story summary

Work and Pensions Secretary Pat McFadden will unveil a £1 billion Youth Jobs Grant on Monday to tackle youth unemployment.
The plan offers £3,000 to businesses hiring unemployed individuals aged 18–24.
Small and medium-sized enterprises will receive £2,000 for each new apprentice.
Prime Minister Sir Keir Starmer emphasised the government's commitment to expanding job opportunities.
Conservative opposition argued Labour's approach risks job creation because of higher taxes and regulations.

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Story summary

Work and Pensions Secretary Pat McFadden will unveil a £1 billion Youth Jobs Grant on Monday to tackle youth unemployment.
The plan offers £3,000 to businesses hiring unemployed individuals aged 18–24.
Small and medium-sized enterprises will receive £2,000 for each new apprentice.
Prime Minister Sir Keir Starmer emphasised the government's commitment to expanding job opportunities.
Conservative opposition argued Labour's approach risks job creation because of higher taxes and regulations.