The Chancellor
Rishi Sunak has proposed an inspiring job creation initiative, the “Kickstart
Jobs” scheme. The scheme endeavours to protect and support young adults in the
challenging post-lockdown job market, by helping them get (back) to work and
thus dampening the shockwaves of the pandemic felt by future generations.
<o:p> </o:p>
The fund will subsidise six-month work placements for people on Universal Credit aged between
16 and 24, who are at risk of long-term unemployment. For each
"kickstarter" job, the government will cover the cost of 25 hours'
work a week at the National Minimum Wage - £4.55 for under 18s, £6.45 for 18 to
20-year-olds, and £8.20 for 21 to 24-year-olds.
<o:p> </o:p>
Participants can expect to receive £455 per month if they are under 18
years of age, £645 per month if 18 to 20, and £820 per month if 21 to 24. In
return, employers will essentially receive government-paid employees for six
months.
<o:p> Please contact us if you have any questions regarding the scheme.</o:p>
<o:p> </o:p>