The Future Jobs Fund was one of the first and most high profile Coalition spending cuts. Axing the £1bn scheme, ministers derided the £1bn scheme as an outmoded, expensive vanity of the Big State. Henceforth, young unemployed young people would be helped into a job via the cheaper but untested market-led Work Programme.
So why, just one year on, are there increasingly strong rumours that the Future Jobs fund is to be resurrected?
Perhaps the first thing to say is that it won’t be called the Future Jobs Fund (FJF). Nor is it likely to replicate the FJF funding model, where providers were paid directly from Whitehall for getting youngsters back into a job. But the central point, that government intervention is needed to address the calamitous failure of the market to tackle youth unemployment, is now back on the agenda.
via Youth unemployment: will ministers resurrect the Future Jobs Fund? | Society | guardian.co.uk.
