Future Jobs Fund


The Future Jobs Fund was a UK government initiative introduced in 2009 which aimed to help long term unemployed people back into employment. It was cut by the Coalition government, Prime Minister David Cameron claiming the scheme was "expensive, badly targeted and did not work". However, a 2012 report by the Department for Work and Pensions found that the scheme produced a net benefit though tax receipts and a reduced benefits bill. It estimated that the FJF programme resulted in:
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.