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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