A new scheme has been launched to support the creation of ‘high quality’ work placements.
The Kickstart Scheme, will provide £2 billion to support the creation of six-month work placements for 16 to 24-year-olds on Universal Credit and at risk of long-term unemployment.
The Government will provide employers that offer the placements funding equivalent to 100 per cent of the relevant level of the National Minimum Wage (NMW) for 25 hours a week.
It will also cover the associated Employer NICs and minimum automatic enrolment pension contributions.
The announcement, made by The Chancellor Rishi Sunak during his Summer Economic Update also outlined additional measures, including funding for traineeships and employers that hire new apprentices, as well as funding for several careers and job-finding programmes.
The apprenticeships funding will provide £2,000 to employers in England for every apprentice hired under the age of 25 and £1,500 for each newly hired apprentice aged 25 or older.
This funding is in addition to schemes already in place to support employers in taking on apprentices.
We understand this scheme will open in August, we will bring you further details as we have them.