The honeymoon period is over for the Con-Lib government as George Osborne announced the first major casualties of the budget cuts. For a lot of social and green organisations it will not make for happy listening. The Future Jobs Fund set up by Labour was due to run until 2012 but it has been scrapped amidst the initial £6 billion efficiency savings. This means the end of the government funded 6 month work placements that social and green organisations were able to offer to the young and unemployed. However, Osborne has honoured the commitment to the existing contracts which will please those organisations which were waiting on the announcements. And furthermore, of the £320m savings to come from scrapping FJF, the new government has said it will reinvest £150m into 50,000 new apprenticeship places focusing on SME’s. Despite this, the news has been met with some pessimism from organisations such as large social enterprise Mow & Grow.
Read the full article at socialenterpriselive.com.
