The Government could save upwards of £20bn and support more than 220,000 people back into employment through return-to-work schemes, according to new analysis.
‘Return to Work’ is a new report, commissioned and funded by the Work and Pensions Select Committee and produced by Health Equity North with academics from Newcastle University, The University of Manchester, University of Liverpool, and University of Glasgow, outlining the potential effectiveness of the Government’s ‘Getting Britain Working’ programmes.
The report estimates that:
- Getting 5% of unemployed under-25s back into work would save £903 million.
- Getting 5% of under-25s workless due to sickness or disability back into work would save £631 million.
- Getting 5% of unemployed over-25s back into work would save £6.67 billion.
- Getting 5% of over-25s workless due to sickness or disability back into work would save £11.9 billion.
Debbie Abrahams, MP for Oldham East and Saddleworth and Chair of the Work and Pensions Select Committee, has said: “In the past we have seen the value of supportive welfare-to-work programmes, such as the New Deal for Disabled People and New Deal for Young People, which addressed the needs of the whole person in helping them to get into work. It’s imperative that these Government ‘Trailblazer’ schemes are ramped up – if we can get even a small proportion of the out-of-work population working again, we will see extraordinary gains, not only fiscally, but for these individuals, their families and across communities, workplaces, and public services alike.”
Research such as this offers solid solutions that the Government should consider in order to create effective support for those out of employment and achieve the UK’s full productivity potential.
Read more about the new report here: https://lnkd.in/eGdq3mkt