New aidEndedPublic aidNational
Youth hiring subsidies
Subsidies paid to employers hiring young people under 26 on an employment contract. This aid is intended to help young people enter the labour market.
Measure originators
InitiatorGVT
Bruno Le Maire
Gouvernement
🇪🇺
European origin
EUDirective/Regulation
France Recovery and Resilience Plan
Context
European Recovery and Resilience Facility supporting youth employment
Amount
4,000 €/year
Impact on public finances
Costs 1.1 bn € (one-off)total cost of the scheme · 2021 estimate · State
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Effective date
1 June 2021
Measure impact
Employers hiring a young person under 26 on a full-time contract receive aid of up to €4,000 per year. Around 803,000 young people benefited from this measure, with 84% of the funding coming from the European recovery mechanism.
Sources
1 January 2025
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
100%
4 / 4 steps
Completed
1 June 2022Entry into force
Application
Immédiate ou à la date prévue
Ajouter un événement marquant la fin des versements (approximativement juin 2022, 12 mois après le dernier contrat éligible de mai 2021).
Completed
31 May 2021Publication in Official Journal
Publication
Completed
5 August 2020Publication in Official Journal
Publication
Ajouter l'événement de publication du Décret n° 2020-982 du 5 août 2020, véritable point de départ légal de la mesure.
Completed
1 August 2020Entry into force
Application
Immédiate ou à la date prévue
Hiring aid for youth under 26 effective June 1, 2021