In addition to the job retention bonus the Chancellor today announced a number of other job support initiatives including:
- A new ‘Kickstart Scheme’, which covers Great Britain only, aims to provide ‘hundreds of thousands of high-quality, 6-month work placements’ for those aged 16-24 who are on Universal Credit and deemed to be at risk of long-term unemployment. Government funding for each job will cover 100% of the relevant national minimum wage for 25 hours a week – and employers will be able to top this wage up. There is no cap on the cost of the scheme.
- Employers who provide work experience for 16 to 24-year old trainees will receive a payment of £1,000 per trainee. Provision and eligibility for traineeships will be extended to those with Level 3 qualifications and below, to ensure that more young people have access to training.
- A new payment of £2,000 will be made 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. The scheme will run from 1 August 2020 to 31 January 2021. These payments will be additional to the existing £1,000 payment the government already provides for new 16 to 18-year old apprentices, and those aged under 25 with an Education, Health and Care Plan – where that applies.