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<p /> <p /> <p>The Government has announced a number of measures to reallocate the
Youth Contract underspend.</p><p> </p><p>In July 2013, the Deputy Prime Minister announced
that out of the £1 billion initially allocated to the Youth Contract, £50 million
of underspend would be made available to City Deals to support local youth initiatives.
Additionally £5m of funding was made available to the devolved administrations to
support further youth schemes.</p><p> </p><p>Funding of £35 million was also allocated
to extend the successful New Enterprise Allowance scheme. The scheme has already helped
over 40,000 people start up their own business. A further £20m was allocated for start-up
loans.</p><p> </p><p>Further funds were allocated to enable pilots for 18-21 year
olds with low levels of skills including maths and English, and 16/17 year olds to
receive help from Jobcentre Plus.</p>
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