Speed read: Top 5 takeaways from “Taking decisive action on youth employment”
NCFE Chief Executive Officer, David Gallagher and Strategic Advisor to NCFE’s Board, Matt Hamnett, discussing why we are taking decisive action on youth employment through our new initiative.
Here are the top 5 takeaways to help you quickly understand why we are launching our ‘go the distance’ initiative, what impact it will have, and how you can get involved.
1. Coronavirus and the UK economy – a long road to recovery?
Due to the pandemic, UK gross domestic product (GDP) fell by 20% between April and June (the biggest drop since records began). Even as businesses reopen, GDP is still a sixth lower than it was in February 2020 (pre coronavirus levels).
The last three recessions saw the employment rate take between 3-7 years to recover to pre-recession levels, because of the time it takes rebounding growth to translate into new jobs created. This suggests that even if the recovery is relatively rapid, there will still need to be a sustained focus on jobs.
2. Data shows young people are the hardest hit in work and education
- 17 year olds had the highest rate of furlough, with 60% of this age group being placed on leave.
- In the second quarter, unemployment-related benefits claimed by 16-24 year olds increased by 122% – more than any other age group.
- From the end of March to the end of May, there were 26,000 apprenticeship starts compared to 50,000 in the same period last year, and only 36% of apprenticeship starters were under 25 years old.
- Hospitality, travel and retail - key employers of young people - will find it hardest to recover due to social distancing, local lockdowns and travel restrictions still in place.
3. Government support and initiatives
- Government articulated its response to the looming youth employment challenge in ‘a plan for jobs’ at the beginning of July.
- The opportunity guarantee: designed to give young people ‘the chance of an apprenticeship or an in-work placement’ to help them develop their skills and work. However, there is controversy around whether this can in fact be a ‘guarantee’, given the requirement for businesses to offer placements for young people to take up.
- From August to January, businesses will receive £3,000 for supporting a 16-18 year old apprentice, £2,000 for supporting a 19- 24 year old apprentice and £1,500 for supporting an apprentice aged 25 and over.
- An injection of money for traineeships - an additional £111m invested to support up to around 37,000 new traineeship opportunities.
- Providers will receive £1,500 for each traineeship they support, a 55% increase on the previous payment of £970.
- Employers will receive an incentive payment of £1,000 for each trainee they support (up to a maximum of ten trainees).
4. We have to take action – now
To support our economic recovery and help young people prepare for, quickly find, and stay in work, we’re launching our go the distance initiative.
Through go the distance we’ll:
- draw actionable insights to help providers design and deliver brilliant youth employment programmes;
- prepare substantial qualification and curriculum bundles which reflect these insights;
- offer substantial, operational support to providers to help them design, mobilise and manage employability provisions.
5. Join us and help make a difference
We believe that to truly make a difference, we need to draw upon the determination and passion that exists across the education sector. If you share our determination to act, we’d love to work with you.
To read the essay in full and find out more about our go the distance initiative and how you can collaborate with us to help us change the futures for thousands of young people visit our go the distance webpage or email email@example.com.
Latest News from
Message from Gillian Keegan, Minister for Apprenticeships and Skills18/09/2020 10:33:00
Message from Gillian Keegan, Minister for Apprenticeships and Skills 17 September 2020.
5 things that make a brilliant 16-19 employability programme17/09/2020 16:15:00
Hear from NCFE’s Operations Director for Technical Education, Zac Aldridge as he discusses his top tips for your employability programmes.
Development success for customer service apprentice08/09/2020 09:15:00
Fiona Podolski has successfully completed her end-point assessment for the Level 2 customer service practitioner apprenticeship standard, and achieved a distinction. Fiona works at Hingham Library and since undertaking her apprenticeship she has developed her skills and grown in confidence.
Why choose NCFE for your school?04/09/2020 11:15:00
NCFE believes that education isn’t ‘one size fits all’. We understand that your learners are unique, and your curriculum should be too!
The long road ahead - taking decisive action on youth employment03/09/2020 09:10:00
As we begin to emerge from the social and economic chrysalis of lockdown, it is clear that the road to recovery will be long and arduous. There is good reason to believe that, given the crutch of the furlough scheme through the spring and summer, we have not yet seen the full impact the pandemic will have on employment levels.
HR professional turned teacher scoops Teacher of the Year accolade13/08/2020 16:15:00
Our Teacher/Tutor of the Year Aspiration Award recognises educators who have gone over and above to support their learners.
How to tender for government contracts part 3: improving tender success12/08/2020 16:15:00
In my final blog, I want to focus on how you can improve your tenders and increase your chance of winning contracts.
How to tender for government contracts part 2: tendering 10112/08/2020 13:33:00
In this piece, I want to highlight some of the risks to look out for when you start planning your bid, focusing on three specific focus areas, to support you in your next bid submission.
How to tender for government contracts – Part 1: getting tender ready12/08/2020 10:33:00
Due to the profound impact that Covid-19 is having on the education sector, as well as individuals, employers, communities, industries and the economy, there’s never been a better time to focus on bidding and tendering.