Firms and charities are to be invited to bid for a payment-by-results scheme to try to get "Neet" teenagers into work or training.

The £126m scheme is aimed at 55,000 teenagers in England with poor qualifications who are currently not in education, employment or training.

Launching the project, Deputy Prime Minister Nick Clegg said it would help get youngsters who are "glued to the television" into the "real world of work and learning".

He was speaking to the BBC's Nick Robinson.