On 8th July 2020 the Chancellor, Rishi Sunak, in his Summer Economic Update in Parliament, announced a package of measures to support jobs. Its aim is to give businesses the confidence to retain and hire, provide people with the tools they need to get better jobs and to spur the UK’s recovery from the Coronavirus outbreak. Click here for the full speech.
The measures include:
A Job Retention Bonus to help firms keep furloughed workers. UK Employers will receive a one-off bonus of £1,000 for each furloughed employee who is still employed as of 31 January 2021 (subject to certain conditions).
Doubling the number of frontline Work Coaches to 27,000 by March 2021 (with 4,500 of them due to be in post by October) to support people looking for work including helping them pivot into new sectors and making sure they access any additional support they need including training and work experience.
A £2 billion Kickstart Scheme will provide high quality, 6 month placements from Autumn this year. Funding available for each six-month job placement will cover 100% of the National Minimum Wage for 25 hours a week – and employers will be able to top this wage up. The scheme will be focused on supporting young people who are on Universal Credit and at risk of long term unemployment.
An Expanded Youth Offer to support 18 to 24 year olds, this will include a 13 week programme and once completed participants will be encouraged to take up work related training or an apprenticeship and further support will be provided through Youth Employment Coaches and Youth Hubs based in the community.
A £3 billion green investment package that could help support around 140,000 green jobs and upgrade buildings and reduce emissions
Expanding the Work and Health programme to provide personalised, light touch support for up to 6 months for those who have been unemployed for three months.
Increasing participation in sector-based work academies programmes, aiming to support 40,000 jobseekers to get the right skills for the roles that are on offer.
£150 million to boost the Flexible Support Fund and allow jobcentres to put in place the right support for their community and to increase capacity of the rapid response service that can be deployed for large local redundancies.
Job finding support service – The government will provide £40 million to fund external capacity to introduce a job finding support service in Great Britain.
Developing a new large-scale support offer, targeted at those who are out of work for longer periods and in need of support.