The '

Fund was a

UK government ga, Rialtas a Shoilse gd, Riaghaltas a Mhòrachd , image = HM Government logo.svg , image_size = 220px , image2 = Royal Coat of Arms of the United Kingdom (HM Government).svg , image_size2 = 180px , caption = Royal Arms , date_es ...

initiative introduced in 2009 which aimed to help long term unemployed people back into employment. It was cut by the Coalition government,

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

David Cameron claiming the scheme was "expensive, badly targeted and did not work". However, a 2012 report by the

Department for Work and Pensions , type = Department , seal = , logo = Department for Work and Pensions logo.svg , logo_width = 166px , formed = , preceding1 = , jurisdiction = Government of the United Kingdom , headquarters = Caxton House7th Floor6–12 Tothill Stree ...

(DWP) found that the scheme produced a net benefit though tax receipts and a reduced benefits bill. It estimated that the FJF programme resulted in: * a net benefit to participants of approximately £4,000 per participant * a net benefit to employers of approximately £6,850 per participant * a net cost to the Exchequer of approximately £3,100 per participant * a net benefit to society of approximately £7,750 per participant Under the baseline assumptions, the total net cost of the programme to the Exchequer was estimated to be approximately £330m. The gross cost to the Exchequer was approximately £720m but it is estimated to have recouped roughly 50 pence for each pound that was spent on the programme.

References

Unemployment in the United Kingdom {{UK-poli-stub

See also

References