ERSA: Work Programme to add £18bn value to UK economy

VCS Assist [old]

From Employment Related Services Association:

A new report… shows that £18bn of value will be delivered to the economy by the Work Programme.

The report, The Economic Impact of the Work Programme (PDF), by Europe Economics is the first study to look at the economic benefits of the Work Programme and the added financial value it delivers to employers, employees and the taxpayers.

…The figure of £18bn refers to the value to the economy provided over the lifetime of the workers on the programme who would not have otherwise found work. Of the £18bn total:

• £7bn will be delivered to workers
• £7bn will be delivered to the government
• £4bn will be delivered to employers

Around 300,000 workers have found lasting work while on the Work Programme. Europe Economics estimates that around 100,000 jobs for the long term unemployed would not have taken place without the programme.

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