Page updated 19 November 2009
Future Jobs Fund
- The Fund: an overview
- Is it for you?
- Future Jobs Fund Awards
- Writing your bid
- What next: the assessment process
The Fund: an overview
The Fund was announced in Budget 2009 and the money is to be spent between October 2009 and March 2011. As the Future Jobs Fund is a challenge fund, not all organisations that submit bids will be successful. The fund is run by the Department for Work and Pensions (DWP) in partnership with the Department for Communities and Local Government (CLG) and with input from Jobcentre Plus Regional Government Offices in England and Devolved Administrations in Scotland and Wales.
The Fund aims to create 150,000 additional jobs, primarily aimed at 18-24 year olds who have been out of work for nearly a year to deliver real benefits to communities. The Future Jobs Fund is a part of the Young Person’s Guarantee. From early 2010, everyone in between the ages of 18 and 24 who has been looking for work for a year will get an offer of a job, work experience, or training lasting at least 6 months. We are specifically targeting 50,000 jobs in unemployment hotspots and expect around 10,000 of the 150,000 jobs created to be green jobs.
"We're determined to do everything we can to help people who are being hit by the world recession. Never again must we lose a generation to work. That is why we are working to increase training places and intensive support to help people back into work. We believe its right to help people through the difficult times so that local communities and our national economy can come through this sooner and stronger.”
Yvette Cooper, Secretary of State for Work and Pensions (29 June 2009)
Is it for you?
We are looking for bids from organisations with the capability to create real jobs that deliver community benefit and are suitable for young people who have been claiming Jobseeker’s Allowance for approaching a year.
Eligibility
The Future Jobs Fund is open to any organisation from the public, private or third sector from across Great Britain (England Scotland and Wales). It does not apply in Northern Ireland. In the majority of cases we expect bids to come from partnerships led by upper tier Local Authorities or Third Sector organisation but this does not exclude other organisations from applying.
We expect bids to create at least 30 jobs, however, we will support smaller organisations via partnerships.
Smaller organisations may want to think about entering a partnership in their local area to ensure the jobs they are proposing fit with the local labour market and with other proposals in their area. They may also be able to deliver training and support to their employee more efficiently when working in a larger partnership.
National organisations may want to bid to the fund and this would certainly be welcomed.
Future Jobs Fund Awards
The third round of bidding for the Future Jobs Fund has now been completed and will create up to 4,400 new jobs. To date this means that the Future Jobs Fund stands to create around 59,000 jobs, almost 40% of the total number of jobs the Fund has been targeted to create.
- Future Jobs Fund Awards – October 2009 (32KB)
- Future Jobs Fund Awards – September 2009 (19KB)
- Future Jobs Fund Awards – August 2009 (25KB)
- Future Jobs Fund Awards – July 2009 (36KB)
Writing your bid
When writing your bid you should use the forms and guidance below:
Please note the bidding forms and guidance were revised in September 2009; please do not use previous versions
- Bidding form – Word version (113KB)
- Bidding form – PDF version (48KB)
- Bidding guidance (92KB)
You will need to satisfy a number of primary and secondary criteria in your proposal. Your bid will then be objectively assessed against these criteria before we decide whether to award funding. You will also need to stipulate whether you are creating jobs for young people (aged 18-24), those in unemployment hotspots (areas where the claimant unemployment rate is 1.5 percentage points above the national average) or a combination of the two.
Bids should be submitted to the Future Jobs Fund email inbox by the last working day of each month. Bids will then be assessed in monthly batches with bidders notified of the final decision within 6 weeks.
What next: the assessment process
The assessment process began in May 2009 and runs on a rolling month-by-month basis. Bidders should expect to find out whether they will receive funding within 6 weeks of the monthly cut off.