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Graduate Internship Scheme scrapped

Published: Tuesday, 10 May 2011   Category: All Graduate job news

The state-run Graduate Internship Scheme, which aimed to match up university-leavers with real workplace employment, has been scrapped by the government.

These moves, which will probably lead to more people looking for graduate schemes run by specific companies, have been criticised by small business leaders.

John Walker, chair of the Federation of Small Businesses (FSB), told the Guardian newspaper that the investment in the Graduate Internship Scheme would be worth it.

"The investment needed to keep the scheme going would be more than outweighed by reduced benefits payments and the increased tax-take from those that gain employment as a result of the internship," he said.

University-leavers looking for graduate roles will now have to turn to companies' own schemes, which are run by many large firms, especially in the financial sector.

The spring intake for financial firm PricewaterhouseCoopers' graduate scheme was its highest yet this year: 209.

Find your graduate scheme at gradplus.com 

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