Written by revel accountants on 9th July 2020 in COVID-19

Kick Start Scheme, Apprenticeship Bonuses and Work Placement Funding

The Kick Start Scheme

In a bid to head off potential mass youth unemployment, the Chancellor announced a £2bn Kickstart Scheme, which will pay employers to create new jobs for 16-24-year-olds at risk of long-term unemployment. Funding will cover 100% of the National Minimum Wage for six months plus the associated employer National Insurance contributions and employer minimum automatic enrolment contributions., provided the jobs are new and offer 25 hours per week of work, with no cap on the scheme. It is aimed at youngsters on Universal Credit. whether that is a prerequisite, we do not know- watch this space.

Further support for the Apprenticeship Scheme

The Government will pay £2,000 to employers in England for each new apprentice they hire aged under 25, and a £1,500 payment for each new apprentice they hire aged 25 and over, from 1st August 2020 to 31st January 2021. These payments will be in addition to the existing £1,000 payment the government already provides for new 16-18 year-old apprentices, and those aged under 25 with an Education, Health and Care Plan – where that applies.

Work Placement Funding

The government will also fund employers who provide trainees (16-24 year olds) with work experience, at a rate of £1,000 per trainee. The government will improve provision and expand eligibility for traineeships to those with Level 3 qualifications and below, to ensure that more young people have access to high quality training.

If you are new to Revel and are keen to find out more, please call our consultant Will Bolter FCCA MAAT ATT  (our designated COVID-19 response advisor) on 07379 451484 or contact us by email here.