2020-07-10: Kick Start Scheme, Trainees & Apprentices

10th July 2020

• The Kickstart Scheme – the government will fund the creation of six-month work placements for young people aged 16 – 24 who are on Universal Credit and are at most risk of long-term unemployment. The funding will cover the full cost of the relevant National Minimum Wage for 25 hours per week, as well as the cost of employer National Insurance Contributions and auto-enrolment pension contributions.
• Traineeships – the government will also provide funding for employers to offer work experience to trainees aged 16 – 24 year olds, at a rate of £1,000 per trainee.
• Apprenticeships – between 1 August 2020 and 31 January 2021, the government will provide payments to employers in England who hire new apprentices. The payment will be £2,000 for employers who hire apprentices aged under 25, and £1,500 for each apprentice who is aged 25 and over.

Source: https://www.farrer.co.uk/news-and-insights/blogs/coronavirus-the-chancellors-plan-for-jobs-and-a-job-retention-bonus-for-employers/#