Oct 28, 2013 Comments Off
Reading Lib Dems today hailed the announcement that Reading, along with the other Berkshire authorities and the Thames Valley Berkshire Local Enterprise Partnership (LEP) had been successful in having their City Deal accepted by the Coalition Government.
This announcement heralds a massive campaign across Berkshire to get our young people working at a time when many, up and down the country, cannot see a future for themselves in the world of work.
Deputy Prime Minister Nick Clegg said:
“This is an important deal for the people of the Reading and the rest of Berkshire which will help thousands of young people develop the skills and confidence to grasp the opportunities to build successful careers. I am pleased that we have been able to put £2.4 million funding from the Youth Contract to such innovative use, bringing together businesses with local public services to tackle youth unemployment and help more young people make an instant impact in the world of work.”
Reading’s City Deal will:
• Achieve a 50% reduction in youth unemployment within 3 years
• Secure £1.5 million of private sector investment to support employment and providing young people with the skills they need
• Generate 1,300 new employment opportunities for young people, including helping 800 to sustain work for at least six months
• Creating 1,500 new work experience placements across the region
• Creating 300 additional apprenticeships and 800 new youth contract wage incentives, which are incentive to employers, paid if they provide a young person with employment that is sustained for 6 months
• Creation of a Thames Valley Berkshire Business Growth Hub to improve business support
Reading Lib Dem Leader, Cllr Ricky Duveen said, “This is a massive boost for Reading and the whole of Berkshire and will provide a wealth of opportunities for our young people. We can take a lead in fighting off youth unemployment and provide many local youngsters with the right skills for some exciting new job opportunities in Berkshire.”