9 July 2020
Chancellor Rishi Sunak announced his ‘plan for jobs’ yesterday, 8 July 2020.
He confirmed that the furlough scheme will end in October 2020.
This update covers some of the new initiatives he announced:
- Job retention bonus.
- Kickstart scheme.
In addition: Businesses in Scotland who wish to apply for grants to help with the impact of coronavirus must apply by tomorrow,10 July 2020. Find out more.
Job retention bonus
A one-off job retention bonus of £1,000 will be paid to employers for each furloughed employee who is still employed on 31 January 2021 and earning at least £520 a month.
The kickstart scheme will pay employers to create six-month job placements for any 16-24-year-olds who are claiming Universal Credit and at risk of long-term unemployment.
The jobs must be for a minimum of 25 hours a week and paid at least the National Minimum Wage. The government will pay the wages for six months plus an amount for overheads. For a 24-year-old the grant would be about £6,500. Employers will provide training and support to find a permanent job.
Employers can apply to be part of this scheme from next month. Applications must be for a minimum of 30 job placements. If you are unable to offer this many job placements, you can partner with other organisations to reach the minimum number.
Over the next six months, the government will pay employers £2,000 for each new apprenticeship they create for an individual under the age of 25.
The government will also introduce a brand-new bonus of £1,500 for businesses who take on an apprentice aged 25 and over.
This money is in addition to the existing £1,000 payment the government already provides for new 16-18-year-old apprentices and those aged under 25 with an education, health and care Plan.
Employers in England will be paid £1,000 to take on new trainees. Eligibility for traineeships will be expanded to those with level 3 qualifications and below to ensure that more young people have access to high-quality training.
- Read our FAQs on the government’s safe reopening guidelines.
- Download our free reopening guide for salons and barbershops. Non-members will need to create a free account.
- Our coronavirus FAQs are regularly updated. Check back often for the latest information..
- Read our regularly updated job retention scheme FAQs.
- NHBF Members can download an information poster, email and social media message for clients.
- Members can call our membership team, Monday-Friday, 9-5, on 01234 831965. Please be patient due to the extremely high level of calls we are currently getting.
For legal advice, Members can login to get our 24/7 legal helpline number. Again, please be patient. The legal team is also dealing with a huge number of calls.