TORY PLANS TO SCRAP FUND COULD COST 3000 NORTH EAST JOBS

Labour today attacked Tory plans to scrap a fund which would cost more than 3000 existing or planned jobs in the region.

 

The Future Jobs Fund was announced in Budget 2009 aims to create 170,000 additional jobs nationally. The jobs are aimed at 18-24 year olds who have been out of work for nearly a year.

 

The Future Jobs Fund is a part of the Young Person's Guarantee. From early 2010, everyone in between the ages of 18 and 24 who has been looking for work for a year will get an offer of a job, work experience, or training lasting at least 6 months.

 

Labour is specifically targeting 50,000 jobs in unemployment hotspots with around 10,000 of the 170,000 jobs created to be green jobs.

 

The Tories have pledged to scrap the Future Jobs Fund which already has helped schemes being established in North Tyneside and the Tees Valley generating 3000 jobs specifically for the region.

 

Helen Goodman MP, Labour's Work and Pension Minister and MP for Bishop Auckland said;

 

"We have got to keep investing in jobs through the recovery. In previous recessions unemployed young people were left on the scrapheap and we can't let this happen again. That's why the Future Jobs Fund is so important to the North East. The Fund will bring at least 3000 new jobs to the region specifically for young people and the hardest hit. David Cameron's plans to scrap the fund are misguided and will deny opportunities to thousands of young people in this area. This just goes to prove again that the Conservatives are a change the North East can't afford."

 

Ends

 

Notes to Editors:

 

1. The number of Future Jobs Fund jobs in North East region is 3000 - jobs that the Conservatives would scrap.
2. The FJF means 120,000 jobs for young people and 50,000 for the hardest hit areas. The Labour Government has already announced over 100,000 FJF jobs across the country in areas such as environment, sports and the arts, giving young people a proper job with a proper wage as a first step on the jobs ladder.
3. For more information please see http://campaigns.dwp.gov.uk/campaigns/futurejobsfund/index.asp
4. In their document ‘Get Britain Working', the Tories committed to scrapping the funding for Future Jobs Fund (see funding tables on p57, 59).