Job creation scheme
- Date: Friday 24th July 2020
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This actually slipped under the radar, but employers may be able to benefit from retaining staff post-Covid.
Rishi Sunak announced measures to support organisations by granting:
- A ‘kickstart scheme’ – the government will fund six-month job placements with a minimum of 25 hours per week through Universal Credit for 350,000 young people aged 18 to 24 who are at risk of long-term unemployment. Employers will receive £2,000 for every apprentice hire and £1,500 for every apprentice aged 25 and over during the next six months. The scheme is open from August and first jobs are expected to commence from Autumn.
- The government will expand its existing traineeship scheme, in a bid to curtail youth unemployment fuelled by coronavirus. It pledged to provide 30,000 new traineeships under a £111m funding boost to help young people in England get work experience, and businesses in England will receive grants of £1,000 to take on trainees.
To learn more about government plans on boosts to the employment market, please click here.
Source: Manuela Grossmann