The Northern Ireland Executive has announced a £200 million economy and jobs initiative.
The new measures include support for more than 4,600 people through skills training and employability.
First Minister Peter Robinson said: "I am pleased that we are able to announce this package which will provide a significant boost to the economy in Northern Ireland and provide employment, particularly for our young people and those who have been out of work for long periods."
This initiative comes on top of the £26 million in additional funding recently announced as part of the Executive's Delivering Social Change Signature Projects.
It will produce waged employment opportunities for 1,700 young people of a minimum of six months duration within either the private, public or voluntary and community sectors.
Around 1,100 over-50s, who have been out of work for more than 12 months, will take up temporary paid employment of up to 26 weeks in the community and voluntary sector.
Further employer engagement with ApprenticeshipsNI will mean up to 900 additional young people will participate in the Youth Employment Scheme.
An additional 500 undergraduate science, technology, engineering and maths places will be funded each year, bringing the total increase in STEM places to 1,200 by 2015. This will enhance the skills base in priority areas for the economy.
There will also be 150 fully funded PhD places and 20 bursaries for aerospace MSc students.
A further 500 work experience placements/training opportunities for young people will be provided across the public sector as part of the Department for Employment and Learning's Steps to Work Programme.