This promises falls under the Section 3 of the manifesto, “The World’s Great Meritocracy”, and is about getting more young people into work. The term “targeted support” could cover a wide range of groups, but the phrase “no matter what their start in life” implies a focus on disadvantaged young people.
The youth unemployment rate (the proportion of 16-24 year olds who are economically active but unemployed) was 11.8% in October to December 2018. That’s 510,000 young people. This is lower than most countries in the EU. Around three quarters of young people who are economically inactive are in full-time education.
In March 2018, the government announced that £90 million from dormant bank accounts would be spent to “help tackle inequalities in youth unemployment highlighted by the Race Disparity Audit”. The programme was also mentioned in the government’s broader Civil Society Strategy.
The result is the creation of the Youth Futures Foundation, which will manage the fund “in partnership with the youth sector, public bodies, young people and employers”. It is still in its early days, and the available money has not yet been allocated, but enough has happened to say that this policy is ‘in progress’.
We’ll be tracking progress of the foundation and where the money goes, as well as the impact it is having on supporting young people into work. Follow this policy for updates.
Get the detail
- Government announces major programme to tackle inequalities in youth unemployment – Gov.uk
- Race Disparity Audit – Gov.uk
- Youth unemployment rate in EU member states as of December 2018 (seasonally adjusted) – Statista
- Youth unemployment statistics – Parliament.uk
- Civil Society Strategy: building a future that works for everyone – Gov.uk
- Young people – Gov.uk