Posts tagged 000 new jobs
The new scheme will provide immediate employment for workers in small infrastructure projects located in the poorest areas of Egypt.
Projects will include construction work and the provision of community services. The EU said it will improve living conditions for the most vulnerable population and boost Egypt’s poor economy.
The support to the TVET system will enhance the skills of young people to meet the labour market’s demands, with particular attention to the tourism sector. Two million pupils in the secondary technical education are expected to benefit from this EU support.
EU Commissioner for Enlargement and European Neighbourhood Policy, Štefan Füle, said: “Our new support is responding directly to the crucial demands expressed by young people in Egypt during the Arab Spring last year and we are committed to helping to provide Egyptian citizens with new job opportunities, which is one of the top priorities of the new Egyptian leadership”.
The total value of both programmes is €120 million, where €70 million is marked for programme to create jobs and €50 million for vocational training.
These programmes are part of the overall financial assistance package that the EU is mobilising in support to Egypt’s development and the country’s new socio-economic needs.
What is your reaction to the EU investment programme that aims to enhance Vocational Education Training worldwide and create new trade jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
The Government’s fund is set to build around 16,000 new homes and provide financial support for housebuilders on stalled sites across the country, paving the way for employment opportunities in the trades.
The HCA has estimated that the shortlisted schemes could unlock the building of 7,000 homes and create thousands of new jobs in the building construction sector.
HCA chief executive Pat Ritchie said: “The Get Britain Building programme is offering housebuilders the financial support to get stalled developments back on track, and I’m pleased that more than 100 projects can move forward to the due diligence phase.
“We listened to feedback from the sector and reduced the minimum scheme size to 15, and I’m therefore especially pleased that 20 smaller projects have come forward and the majority of bids have come from SMEs.
“These projects must now prove that they can be delivered quickly, provide value for money for the taxpayer and fit with local priorities. As well as building much-needed new homes, the work will create or protect jobs, and boost local economies.”
Around £300 million of recoverable investment has been allocated to more than 130 projects through the first round of the scheme expected to be completed by December 2014. Round two of the scheme, which was announced last week, will continue until March 2015.