Today's Social Enterprise Magazine reported hope that the Government will look again at Future Jobs Fund in their piece 'Government promises to look again at axed £1billion jobs fund'. As SEL's Michelle Richmond said in the piece, this initiative worked, enabling SEL to place over 500 young people into jobs with employers continuing to contact us every day with more job offers. We know if the Government does introduce Future Jobs Fund 2, we will be able to hit the ground running and with today's employment figures of a 2.53 million people unemployed, the highest level for 17 years and an all time record of 1 in 5 young people out of work, something has to be done, and quickly.
What Michelle did not tell you is that of those 500 young people, 72% have been retained in their jobs and so have become social entrepreneurs of the future, as we hoped they would. That demonstrates the ability of social enterprise to inspire and employ, two vital commodities in this recessionary economy.