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Government-sponsored graduate scheme 'should not be scrapped'

Published: Thursday, 24 February 2011   Category: Work Experience

An organisation which represents the interests of small to medium-sized enterprises (SMEs) has called on the government to not scrap the Graduate Internship Scheme.

The Federation of Small Businesses said the government should extend the initiative to past its currently planned end date in March.

As part of the current scheme, the government pays some of the costs associated with holding internships and graduate schemes.

John Walker, the national chairman for the Federation of Small Businesses, said that there were multiple benefits for the scheme.

"The current Graduate Internship Scheme has proved highly successful, with some interns going on to start their own companies and others being offered full-time positions with the business they interned for," he said.

"The investment needed to keep the scheme going would be more than outweighed by the contribution that the treasury would see in reduced benefits payments and … increased tax-take."

Since being set up in February 2010, the scheme has given 8,500 university-leavers jobs in graduate schemes.

Find your graduate schemes at gradplus.com 

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