Youth Guarantee faces setbacks and slower roll-outPosted on November 12, 2013 by webmaster
The promised Youth Guarantee initiative faces a slower than expected roll-out due to funding shortages and a lack of employment advisers and apprenticeship places. The original plan was to provide guaranteed interventions and supports within four months of 18-24 year-olds being registered as a job-seeker.
The initiative to support over 28,000 younger unemployed was a prime project of the Irish EU-Presidency during 2013. The pledged €6 billion initiative was to be prioritised for EU states with the highest levels of youth joblessness. These include Greece, Spain, Ireland, Italy and Portugal – all of which face severe domestic budgetary pressures which restricts their ability to provide matching Youth Guarantee funds.
Realistically, an effective Youth Guarantee would cost between €5,000 and €6,000 per participant to cover training / education / apprenticeship and individual activation supports. That is likely to cost at least €140m to initiate and that is before the younger, long-term unemployed are included under either the JobPath or the Youth Guarantee initiatives.