A record £650 billion infrastructure investment will support 425,000 jobs a year, according to a new Infrastructure Pipeline launched today (Monday) alongside the Government’s latest Plan for Jobs Progress Update.
In the most ambitious National Infrastructure and Construction Pipeline to date, the Government sets out how £650 billion of private and public investment will be implemented in infrastructure projects across the country over the next decade – creating new opportunities for thousands of apprentices, technicians, graduates and skilled workers.
This comes as the Government also publishes its new jobs progress update – setting out how millions of people and businesses have been supported through its Plan for Jobs and over £350 billion of support since the pandemic began. Since its launch last year the Plan for Jobs has safeguarded the economy, supported people back into work and will continue to invest in giving people the skills they need for a successful career.
Work is the best route out of poverty, it gives families financial security, and it provides opportunity to grow and develop. That is why jobs continues to be the Government’s highest economic priority.
Just as for HGV shortages, the Government will continue to work closely with business to identify any challenges in the labour market and respond pro-actively to help prevent disruption to markets and consumers.
The Prime Minister said:
Speaking ahead of the visit, Chancellor Rishi Sunak said:
Thérèse Coffey, Secretary of State for the Department for Work and Pensions, said:
So far, £68.5 billion has been spent on the furlough scheme alone, protecting 11.6 million people since its inception, or over a third of the entire workforce right across our United Kingdom. That’s 910,000 jobs in Scotland, 470,000 jobs in Wales, and nearly 290,000 jobs in Northern Ireland.
Millions of self-employed people and small business owners have been supported through 9.9 million SEISS grants claimed, worth £27 billion.
And the Plan is working. Since the pandemic began, the government has doubled the number of front-line Jobcentre staff – totalling 27,000 work coaches in just eight months. Unemployment has fallen for 6 monthly releases in a row, with peak unemployment forecast to be two million fewer than previously feared, and the number of employees on payrolls has increased for the eighth consecutive month, up by 182,000 in July 2021. The unemployment rate in the UK is now lower than the US, Canada, France, Italy, Spain, and Australia.
The Plan for Jobs is also supporting people to develop the skills they need to find the jobs of tomorrow. So far:
- 63,000 young people have started their Kickstart job;
- Restart will help over a million long-term unemployed people on Universal Credit;
- More than 80,000 apprentices have been newly hired under our new incentive payments;
- More than 138,000 people have benefitted from the Job Entry Targeted Support, and; *An average of 1,200 job seekers per week enrolling on a Sector-based Work Academy Programmes.
The Government says as the they move to a new phase of the Plan for Jobs, it will continue to “maximise employment across the country, create high quality, productive jobs, and deliver the skills that people, businesses and the economy need to thrive as we build back better.”
More information about the Plan for Jobs support measures can be found online.
Source: HM Treasury