Funding available for employing young people
As part of its commitment to ensuring that every young person has access to further education, training or a job, the Government has launched the ‘Youth Guarantee’, a nationwide scheme offering funding to employers to help them provide opportunities to young people.
What’s avaiable through the Youth Guarantee
- Apprenticeship Hiring Payment – £2,000 is available to employers in England who do not pay the Apprenticeship Levy for every new apprentice they take on aged between 16 and 24. The funding will be paid automatically by the training provider in two equal instalments (at 90 days and one year after the apprenticeship started).
- Youth Jobs Grant – £3,000 for employers in Great Britain taking on a young person aged 18 to 24 who has been on Universal Credit and looking for work for over six months. Eligible employers can submit vacancies, which must be for a minimum of 25 hours per week for 16 weeks, and the grant will be paid in two stages (£1,800 after six weeks and £1,200 after 18 weeks).
Jobs Guarantee – Funding to provide a six‐month paid job for a young person aged 18 to 24 who has been on Universal Credit for 18 months or more, which is due to be rolled out across Great Britain from November. The Department for Work and Pensions (DWP) is hosting a series of webinars on the Jobs Guarantee for members that would like to find out more.
For employers in England, the Government pays 100% of apprenticeship training and assessment costs for apprentices aged 16 to 24, and there are also financial incentives available of £1,000 for apprentices aged 16 to 18 and £2,000 for foundation apprentices aged 16 to 21, in addition to the funding available through the Youth Guarantee.
For more information contact the FIS Skills Team on 0121 707 0077 or email info@thefis.org
