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Funding

Funding2020-09-17T12:02:29+01:00

With the impact of Covid-19 set to have a profound effect on those leaving higher education, the government is regularly updating funding available to employers to help get younger people into employment.

The Kickstart Scheme

The government will be introducing a £2 billion fund to help create hundreds of thousands of work placements for those aged between 16 and 24 who are on Universal Credit and may be at risk of long-term unemployment. The work placements are set to last six months, with funding available to cover 100% of the National Minimum Wage for 25 hours a week. Also covered is the associated National Insurance and employer minimum automatic enrolment contributions.

Apprenticeships

The government is set to introduce new payments for employers who hire a new apprentice. Employers will get £2,000 for every new apprentice hired under the age of 25 and £1,500 for every new apprentice over the age of 25 from 1st August 2020 to 31st January 2021. To find out more about all the funding and support available for recruiting an apprentice, check out our sister site Employing an Apprentice.

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