Ontario Helps Over 25,000 Young People Through the Youth Employment Fund
Fund Provides Young People with Valuable Work Experience
Ontario's Youth Employment Fund has exceeded its initial goal by helping more than 25,000 young people access job opportunities, develop skills and gain valuable work experience.
As part of Ontario's Youth Jobs Strategy, the fund helps employers offer four- to six-month job placements for youth aged 15-29 who are looking for work, particularly those facing multiple barriers to employment. Since its launch in September 2013, the program has helped 26,582 youth. Eighty five per cent of youth who have participated in the program have either been retained or gone on to further employment elsewhere.
Helping youth find work is part of the government's economic plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.
- The Youth Employment Fund provides up to $7,800 to support each young worker, including up to $6,800 for wages and training, and up to $1,000 for other costs like tools and transportation to work.
- In 2014, the government extended the Youth Employment Fund through September 2015.
- The Youth Employment Fund will accept new applicants until March 31, 2015, with financial and administrative support continuing until September 30, 2015.
- Ontario is investing $295 million over two years in the Youth Jobs Strategy to help 30,000 young people connect with the tools, experiences and entrepreneurial support they need to find employment or start their own businesses.
- Employment Ontario’s Employment Service will continue to help people of all ages find employment and offer hiring incentives to employers.
- There are more than 35 government programs to help youth build skills, find a job or start a business
“I’m thrilled that the province’s employers and young people have responded so positively to the Youth Employment Fund, the centrepiece of our government’s Youth Jobs Strategy. It’s rewarding to hear from so many youth across Ontario who have benefited from this initiative and maintained good jobs, and I look forward to building on the strength of the fund with future programs that support youth employment for diverse groups of young people.”
“Providing Ontario’s youth with resources to help them connect with employers and participate in Ontario’s economy is a key part of our jobs plan. By investing in young people, we are not only supporting Ontario’s next generation workforce, but also breaking down barriers to employment, and creating a stronger, brighter future for our province.”
“When our young people suffer from a lack of opportunity, they experience frustration and a loss of hope for the future. As the President of Youth Employment Services (YES), I congratulate the provincial government for their leadership in creating and providing financial support for the Youth Employment Fund. Thousands of youth across the province are now in jobs thanks to this program. When youth work, communities work.”