An incentive grant of £1,000 is available through Semta (the sector skills council for advanced manufacturing and engineering) to support the employment and training of graduates in UK advanced manufacturing and engineering SMEs (companies with up to 249 employees).
The aim is to take 200 young people off the unemployment register and into paid and productive employment, resulting in them becoming economically active and contributing to UK Plc.
Semta has won the funding from the UK Commission for Employment and Skills' Employer Investment Fund and will deliver genuine reductions in youth unemployment by March 2013, with at least one third of the opportunities in the devolved nations – Scotland, Wales and Northern Ireland.
Currently only 15% of SMEs in Advanced Manufacturing and Engineering employ graduates. Semta's ambition is to see this rise to 17% over the next three years.
To qualify companies need to hire a graduate who starts on or after 1st October for a minimum of 3 months and then apply to Semta.