Under the scheme, businesses will provide paid employment alongside work experience and training opportunities for 18- to 24-year-olds over three years.
The Government announcement does not specify whether the roles will be additional to businesses’ existing recruitment plans.
Other participating businesses include Whitbread, Marriott, Compass, Sodexo, Fuller’s and Stonegate.
The Government also offers employers £3,000 per eligible recruit through its Youth Jobs Grant.
Available since June, the grant covers recruits aged 18 to 24 who have been on Universal Credit and looking for work for at least six months.
Jobs must be for at least 25 hours a week and expected to last at least four months. Payments are made in two instalments, subject to the scheme’s conditions.
“Hospitality has long provided young people with a route into the world of work,” says work and pensions secretary Pat McFadden. “I’m delighted that the industry is helping unemployed young people get their first step on the ladder and build their careers.
“With the UK employment rate now the second highest in the G7, this will unlock 100,000 jobs and connect young people with employers ready to take them on and help them build a brighter future.”
Trade union Unite has called on the Government to ensure that employers do not use the scheme to replace existing workers or undercut pay and conditions.
While Unite says it recognises the importance of supporting Neets into work, it believes the scheme does not tackle the fundamental challenges facing the economy.
The union is calling for funding for a “huge” increase in high-quality apprenticeships, alongside investment in lifelong learning.
“The way to get more young people into work is to make sure they have high-quality apprenticeships and well-paid jobs to go into,” says Unite general secretary Sharon Graham.
“The government needs to ensure they are not subsidising bad employment practices or allowing young people to be exploited as cheap labour. Young people also have bills to pay and are subject to the same cost of living pressures as other workers.”