The Henry Jackson Initiative have teamed up with Telegraph Media Group and Sir Alec Reed (founder of Reed Specialist Recruitment, not to be confused with that dungeon-dwelling guy who used to knock around with Jordan) to launch a new competition which could turn your job loss into a massive financial gain.

The national competition, which launched over the weekend, offers the chance for anyone aged 18 or over to get their grubby mitts on £10,000 cash if their essay on “measures for reducing youth unemployment” is chosen.

At the moment, youth unemployment remains at around one-in-five in Britain with an estimated 75 million under 25s looking for work across Europe. The Telegraph and the Henry Jackson Initiatives hope this competition, which is sponsored by Sir Alec Reed, will find a compelling solution to youth unemployment.

Anyone over 18 can enter the competition, regardless of what they do for a living, and judges will scour their 1,000 word essay for innovative ideas on how to get more young people into permanent, paid employment.

The judging panel is made up of Dominic Barton, director of McKinsey & Company, Lord Gavron, chairman of The Folio Society, Charlie Mayfeild, chairman of John Lewis and Sir John Peace, chairman of Burberry, Experian and Standard Chartered.

Interested? Well, you have until the 14th December to apply, so get your thinking hats on!

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