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Lack of funding means the end of GO Wales graduate programme

European funding for a graduate programme that has helped over 8,000 students into work has run out, causing it to shut down after 11 years.

GO (Graduate Opportunities) Wales, run by the Higher Education Funding Council for Wales has confirmed that the help scheme will end with 2014.

The scheme, employed by universities across Wales, partnered students with 2,400 employers and gave those involved valuable connections within their chosen fields.

While replacement initiatives are being worked on, it is unclear as to when they will take effects, leaving next year’s graduate at a loss. Figures state that the initiative was highly successful, with over 70% of students finding work at the end of placements set up by the group and 55% getting a job with the employer that had them on placement. These placements tended to last between 6 to 10 weeks and students were paid for their time – a minimum of £250 per week.

A graduate placement scheme that has helped more than 8,000 students into work over 11 years will cease at the end of the year because European funding has run out. Any new scheme will have to be approved by the European Commission.