The Actual News

Stay informed without the news wearing you out.

UK defence contractors to offer 40,000 apprenticeships, placements and jobs

UK defence contractors to offer 40,000 apprenticeships, placements and jobs

Summary

UK defence contractors have committed to offering 40,000 apprenticeships, work placements, and jobs annually for young people by 2030, increasing to 50,000 by 2035. This effort aims to help reduce the number of young people not in education, employment, or training by linking increased defence spending to job creation across the UK.

Key Facts

  • Defence firms like BAE Systems, Rolls-Royce, Airbus, and Thales have pledged to create 40,000 opportunities per year for 18- to 24-year-olds by 2030.
  • These opportunities include apprenticeships, work experience, and permanent jobs.
  • The number of opportunities is planned to rise to 50,000 annually by 2035.
  • The defence industry will use a “no wrong door” policy to guide applicants to other roles if they are not successful initially.
  • Labour sees this as a way to support UK industry and tackle youth unemployment (Neet - young people not in education, employment, or training).
  • UK defence spending is planned to increase to 2.7% of GDP next year, with discussion around possibly raising this to 3% by 2030.
  • Funding for increased defence spending may involve cuts to overseas aid and potential tax rises.
  • The initiative is part of a broader plan to boost economic growth and job opportunities outside London and the south-east of England.
Read the Full Article

This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.

Monday's biggest stories, one calm email.