Video: Nick Clegg: government will pay for youth jobs Nick Clegg claims the "payment by results" scheme will help defuse a "time bomb" of young people who do not have a job or place in education. In a speech in east London, he set out details of a £126 million funding allocation to help unemployed young people find work. Charities and private-sector groups will be paid according to the results, with the most successful getting £2,200 for each client. Mr Clegg argues that the money - drawn from the budgets of the education department and the Department for Work and Pensions - will pay off by improving the long-term economic prospects of those not in employment or education (Neet). Almost 1.2 million people under 24 are classed as Neets, 150,000 of them under 18. Ministers are under mounting pressure to tackle record levels of youth unemployment.