The Commission will also make funds available for technical assistance to help Member States make greater use of available EU funding - especially the European Social Fund (ESF) of which €30bn remains uncommitted to projects.
The National Statistics Office reported that in October that the registered unemployed numbered 5,866 persons in the Maltese Islands, an overall decrease of 158 when compared to the corresponding month last year. The number of young registered unemployed in Malta (under 30 years of age) was of 1,635 in October 2011, or 28%.
The main actions financed directly by the Commission in the new 'Youth Opportunities initiative' are:
• using €4m to help Member States set up 'youth guarantee' schemes to ensure young people are either in employment, education or training within four months of leaving school.
• dedicating €1.3 million to support the setting up of apprenticeships through the European Social Fund. An increase of 10% by the end of 2013 would add a total of 370,000 new apprenticeships.
• using €3m of the European Social Fund Technical Assistance to support Member States in the setting up of support schemes for young business starters and social entrepreneurs;
• gearing funds as much as possible towards placements in enterprises and targeting at least 130,000 placements in 2012 under ERASMUS and Leonardo da Vinci;
• providing financial assistance in 2012-2013 to 5,000 young people to find a job in another Member State through the 'Your first EURES job' initiative
• reinforcing the budget allocation for the European Voluntary Service in order to provide at least 10,000 volunteering opportunities in 2012;
• presenting in 2012 a framework for high quality traineeships in the EU;
• ensuring around 600 further exchanges under Erasmus for entrepreneurs in 2012.
The actions proposed by the Commission will pave the way for Member States to develop further youth-related measures under the next generation of European Social Fund programmes and as part of the EU budget 2014-2020.