graduate internship scheme

Don’t Axe Graduate Internship Scheme, says FSB

The Government must extend a graduate internship scheme coming to an end in March because it creates more money for the economy than it costs. That’s the plea from the Federation of Small Businesses (FSB), which says an £8 million investment in 5,000 subsidised internships in small businesses would yield £10 million for the UK economy. At a time of record youth unemployment, it will also prevent many UK graduates being “consigned to the dole queue”, said the FSB’s national chairman, John Walker. According to FSB figures, one in four interns on the scheme is offered a permanent position. Yet the Government has confirmed that there are “no current plans” to repeat the graduate internship initiative, delivered by the Higher Education Funding Council for England (HEFCE) since 2009.... »