In partnership with regional leaders, the three-year initiative will equip young hopefuls with the skills training needed for local job opportunities. A $186 million chunk of the eye-watering funding will be used for a pilot in which mayors will connect the Gen Zers, especially NEETs, with nearby employers. And to ease the financial burden on some companies, the plan will also cover the full cost of apprenticeships for talent under 25 years old at small and medium-size businesses.
The U.K.’s ambitious billion-dollar strategy is a welcome one, as youth unemployment rates have surged all around the world.
It marked the highest number of applications per job ever recorded since the ISE started collecting data in 1991.
