Business Bulletin: Issue Number 30
The Kickstart Scheme is now live!
The scheme will create hundreds of thousands of high quality 6-month work placements aimed at young people aged 16 to 24 who are at risk of long term unemployment.
Funding available for each job will cover 100% of the relevant National Minimum Wage for 25 hours a week, plus the associated employer National Insurance contribution and employer minimum automatic enrolment contributions.
To help smaller businesses, employers offering fewer than 30 placements will be asked to make a bid through an intermediary, who will then bid for 30 or more placements as combined bid.
- If you are an employer looking to create job placements for young people, register your details below and a member of our team will be touch to help you with your application.
Changes to the Coronavirus Job Retention Scheme
The Government’s Coronavirus Job Retention Scheme is changing
- From 1 September the government will pay 70% and employers will pay 10% of employees’ wages for the time they are being furloughed. Employers will also continue to pay their National Insurance and pension contributions.
- From 1 October the government will pay 60% and employers will pay 20% of employees’ wages for the time they are being furloughed. Employers will also continue to pay their National Insurance and pension contributions.
- You will continue to pay employees wages at the contacted rate for the hours they work for you
- The scheme ends has now finished.
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