Chancellor Rishi Sunak will be launching a £2bn Kickstart Scheme. This will subsidise six-month work placements for people on universal credit aged between 16 and 24.

The scheme will directly pay employers to create new jobs for anyone aged 16-24 at risk of long term employment. The jobs must be for a minimum of 25 hours a week and must be new, additional jobs with staff being paid at least minimum wage. Employees must be in their new jobs by autumn.

Employers could see grants for around £6,500 if they meet these conditions, as the government will pay the young peoples wages for six months, plus and amount for overheads.

Employers can apply next month.

If you would like to discuss this further or have any questions, please contact Megan via email at m.morrish@mphaccountants.co.uk

‍