Covid impact: The UK is unveiling a 1,000-pound fundraising scheme to help businesses

The UK government has announced a 1,000-pound ($ 1,374) fundraising scheme to help businesses with the costs of a training service aimed at helping young people into jobs.

“The new scheme will support young people to gain the skills and knowledge they need from the outset, helping them to gain employment, an apprenticeship, or to pursue further study,” said a joint statement. out Wednesday with the Department of Education and the Treasury Department.

The funding is expected to be available until July 31 this year, Xinhua news agency said.

Businesses that provide new training opportunities will receive the £ 1,000 bonus for every trainer they take on with up to 10 trainers, the document said.

The news came as the UK unemployment rate estimate for people aged 16 and over rose to 5 per cent for the period September to November 2020, the Office for National Statistics (ONS) said on Tuesday.

Approximately 1.72 million people were unemployed in the three months, 418,000 more than a year earlier and 202,000 more than the previous quarter, as the country’s labor market was still hit hard by the Covid- pandemic 19.

“The largest annual increase was from October to December 2009, with unemployment peaking from July to September 2015,” the ONS said.

England is currently under the third national closure since the outbreak began.

Similar preventative measures also apply in Scotland, Wales and Northern Ireland.

–IANS

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(Only the headline and image of this report may have been reworked by Industry Status staff; the rest of the content is automatically generated from syndicated feeds.)

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