Treasury invests £500m in Plan for Jobs expansion

The Treasury announced yesterday that it was to support hundreds of thousands of people as part of a £500m expansion to the government’s Plan for Jobs scheme

As part of his speech at the Conservative party conference in Manchester, Rishi Sunak ramped up his message that he is ‘ready to double-down’ on his promise to ‘do whatever it takes’ to recover from the Covid-19 pandemic.

Sunak announced that the Plan for Jobs extension will specifically target workers leaving the furlough scheme and those who are unemployed over the age of 50.

The new package aims to ensure that older workers will receive ‘better information and guidance’ on later life planning which aims to help people make informed choices that will allow them to plan their career and remain in work.

The Government is also prioritising support for those coming off furlough through the job finding support (JFS) scheme as well as extending the job entry targeted support scheme (JETS) to September 2022.

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe