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Budget 2021: Jobs and the economy.

Self Employed income support scheme

Self Employed persons can also benefit from an extension of the Self Employed Income Support Scheme with the fourth round of grants covering the months of February to April. Furthermore, the Chancellor announced a further fifth round of SEISS grants available from July to September. Find out more about SEISS grants here.

Coronavirus Job Retention Scheme

The Furlough scheme will be extended to the end of September. There will be no change to the terms for employees.

After July, businesses will be asked for a 10% contribution, rising to 20% in August and September. Read updated guidance here.

Plan for Jobs

As announced in the Budget 2021, businesses will be able to apply for a new payment of £3,000 for each apprentice they take on as a new employee between 1 April and 30 September.

You can decide how to spend the incentive to best support the needs of the business and the apprentice. It is in addition to the payments already made to support specific groups of apprentices such 16 to 18-year-olds, those with disabilities, or young people leaving care. You must have an apprenticeship service account if you want to apply for an incentive payment.

An exciting talent planning route for your business could see an apprentice joining your organisation for a Kickstart placement then progressing onto an apprenticeship with you. You would have access to the full range of financial support the government provides for apprenticeships.

Full details can be found here.

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