Chancellor backs young people into work by supporting jobs

September 30, 2026

Home / News / Chancellor backs young people into work by supporting jobs

130,000 new jobs set to be created and supported across the UK by 2030 through the National Wealth Fund, with investment in AI, technology, defence and clean energy sectors.

£300 million investment from Rolls-Royce into manufacturing and engineering facilities across the UK, including sites in Derby, Bristol, Glasgow and Rotherham, supporting thousands of jobs.

Expansion of local apprenticeship services with £100 million funding over two years, helping more young people connect with local employers and access apprenticeship opportunities.

Union Learning Fund restored with £15 million per year to help workers develop new skills, including digital, maths, English and training for jobs in growing industries.Support is available to all employees, whether or not they are union members, helping workers adapt to changing technologies, including AI.

Chancellor backs young people into work by supporting jobs – GOV.UK