Announced on 16 March, the expansion of the Youth Guarantee will see an additional £900 million investment over the next three years, extending the Jobs Guarantee scheme to include 22–24-year-olds. The initiative will also introduce hiring incentives for employers recruiting young people on Universal Credit who are at risk of long-term unemployment.
Alongside this, Government is reforming the Growth and Skills Levy to place greater emphasis on supporting younger apprentices. Building on previous commitments, the latest measures include:
These changes form part of a wider £1 billion youth employment drive, designed to help unlock up to 200,000 new jobs and apprenticeships and deliver the most significant transformation of the apprenticeship system in over a decade.
British Marine members are encouraged to review how these updates could benefit their business, particularly if considering recruiting apprentices or expanding their workforce.