Impacts and Costs and Benefits of the Future Jobs Fund
This report into the impact of the Future Job Fund is a quantitative evaluation of FJF, providing estimates of: 1. the net impact of FJF on the likelihood of young participants (aged under 25) receiving welfare support (defined as being in a FJF job or receiving a main out-of-work benefit or training allowance) over the 104 weeks following the start of their FJF job; 2. the net impact of FJF on the likelihood of young participants (aged under 25) being in unsubsidised employment (defined as being in employment other than a FJF job) over the 104 weeks following the start of their FJF job; and 3. the costs and benefits associated with the FJF programme. CONCLUSIONS Under the baseline assumptions the FJF programme is estimated to have resulted in : - a net benefit to participants of approximately œ4,000 per participant; - a net benefit to employers of approximately œ6,850 per participant; - a net cost to the Exchequer of approximately œ3,100 per participant; and - a net benefit to society of approximately œ7,750 per participant.
