Jim Higgins MEP has welcomed indications of a multi-million Euro boost for the Border, Midlands and Western (BMW) region of Ireland, under new EU youth employment measures.
“The €6 billion EU youth employment package will aim to address the high rates of jobless young people across Europe, as agreed under the Multi-Annual Financial Framework (MFF) for 2014- 2020,” Mr Higgins explained.
The North West MEP says the Youth Employment Initiative (YEI), as part of the larger package of measures, could translate to as much as €20 million for the BMW region, according to estimations for the seven year financial period. The largest proportions of the funding will be directed to areas with over 25 per cent youth unemployment.
“The YEI fund could be as much as doubled with additional supports under the European Social Fund (ESF) which also aids young job seekers and further allocations due to Ireland in terms of the Cohesion Policy.
“This is very welcome news for my North West constituency which has suffered from unemployment, with many families watching their loved ones emigrating in search of job opportunities overseas.
“It is my hope that this new funding facility will be used to support our local people seeking new job offers or in gaining a new skillset by way of a training scheme,” Mr Higgins concluded.
The youth unemployment measures follow an earlier announcement of €100 million in extra EU Structural Funds for the BMW region, also under the EU budget 2014-2020.