take on young people is not working.
A key element of the government strategy for reducing high youth unemployment was to incentivise employers to create jobs for young people.
But a year since its launch as part of the flagship Youth Contract, the incentives initiative has failed to deliver the hoped-for results.
The wage incentive element of the Youth Contract has enough in the coffers - up to £364m - to incentivise firms to take on 160,000 young people by April 2015. But in the first year of operation, just 4,690 of the payments - worth up to £2,275 each - were made, compared with the 53,000 it was projected to create each year of the programme.
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