The UK Government is continuing to offer support to businesses as they wrestle with the aftermath of the ongoing Coronavirus pandemic and their latest offering is the Kickstart Scheme. This scheme is perfect for employers looking to create job placements for young people, let’s explore this in more detail.
What is the Kickstart Scheme?
Available in England, Scotland and Wales, businesses can use the Kickstart Scheme to create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment.
Applications must include a minimum of 30 job placements and funding is available for National Minimum Wage for 25 hours a week, plus associated employer National Insurance contributions. In addition to this, there is also £1,500 per job placement available for things such as set-up and support costs.
Sounds great, what are the requirements?
Any organisation can apply for funding providing:
- you are offering new jobs not replacing existing vacancies
- the jobs are a minimum of 25 hours per week, for at least 6 months
- employees will be paid at least the National Minimum Wage for their age group
- employees are not required to undertake extensive training before they begin job placement
If your business is unable to offer the minimum requirement of 30 job placements, you can partner with other organisations to reach this.
How to apply
If your organisation is creating more than 30 job placements as part of the Kickstart Scheme, you can submit your application directly.
To learn more about managing your small business finances, contact Fortuous today and speak with an experienced London accountant who can answer any questions you might have. Be sure to click this link to Get An Instant Quote today!
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