The scheme attempts to encourage employers to offer a high quality 6-month work placement for people aged 16-24 who are on Universal Credit and deemed to be at risk of long-term unemployment. The scheme will cover 100% of the relevant National Minimum Wage and associated employer costs for the individual during the placement.
Updated: 17th August 2020:
Central government has not yet published further information about when this scheme will be starting from however Sunak mentioned in his speech (the coming months) during July 2020 which would suggest that we may receive further information about this scheme during August 2020.
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