Youth Opportunities Initiative
The Initiative is a set of measures, planned for 2012 and 2013, to drive down youth unemployment. It is part of the EU's Youth on the Move education and employment initiative.
To support unemployed young people. In particular it aims to help:
- people who left school or training without having achieved upper-secondary education to return to school or enrol in vocational training for in-demand skills
- graduates to get a first work experience.
Promoting youth employment through:
- greater use of the European Social Fund
- innovative approaches
- making it easier for young people to find jobs in another EU country
- stronger partnerships between political authorities, business and trade unions at EU, national, regional and local levels
- policy guidance and assistance from the European Commission.
As part of the "European Semester" (annual cycle of economic and fiscal policy coordination), the Commission will be assessing EU countries' national reform programmes in 2012.
15 countries have youth unemployment rates above the EU average (22.3% in November 2011). For them, the Commission provided guidance on implementing the Youth Opportunities Initiative by either holding bilateral meetings in Brussels or sending country teams onsite.
European Social Fund (ESF):
- increased use of ESF by national governments to tap into the €30 billion not yet allocated to projects for 2007-13
- €1.3 million in ESF technical assistance to set up apprenticeship schemes – EU countries have been asked to contribute to a 10% funding increase. The goal? 370,000 new apprenticeship placements by the end of 2013.
- €3 million in ESF technical assistance for young business starters and social entrepreneurs
Other EU-level actions: