Is it time to grow your team and can you support future generations?
Whilst some businesses are struggling to stay afloat as the recession and the pandemic take hold, others are flourishing and gearing to grow. If your business is in the latter group then you might be interested in the government’s new Kick Start Scheme.
Here’s what you need to know and how you can get involved in the Kick Start Scheme in Coventry and Rugby.
About the Kick Start Scheme
The scheme is aimed at creating 6-month paid work experience placements for 16-24-year-olds who are on universal credit.
Employers will receive funding for 100% of the relevant National Minimum Wage for 25 hours a week, plus associated employer National Insurance contributions and employer minimum auto-enrolment pension contributions.
The employer will also receive £1,500 per job placement available for setup costs, support and training.
The criteria requires a business to provide a minimum of 30 job placements or partner with a group of organisations to offer this number of placements, then nominate a representative organisation to make a bid for the scheme.
Download the employer guide here
Kick Start Scheme in Coventry and Rugby
Unemployment has doubled during the pandemic in Coventry and the number of those aged 16–to–24–year-old has increased by 107% (Coventry City Council).
And this is set to rise with unemployment predicted to be between 3-7m people on the back of the pandemic and recession.
The opportunity for you as a business owner, is to support your local community by creating those job opportunities which will support the growth of your business.
It is proven that having a job early on significantly improves a young persons job prospects. They are often caught in that catch22; no experience, need experience to work.
The Kick Start Scheme represents a great opportunity for both young people and you as a business owner.
But how do you take part?
First of all, you need to consider is how you might manage the young person and any training required. Secondly, you should consider what roles would be helpful to your business and if you are a small to medium organisation then consider who you might partner with to access the scheme.
The Employer Hub in Coventry can act as an intermediary and represent organisations with less than 30 placements on offer. For more information email employerhub@coventry.gov.uk.
How does the Kick Start Scheme fit into your next quarter?
If you are interested in taking part in the Kick Start Scheme, how does this fit into your next quarter and beyond?
Do you want to be inspired to make this next quarter your best one yet? Join our ProfitCLUB and get access to the 90-day GrowthCLUB session on 25th September.
Sign up to ProfitCLUB today!
