Despite the toll COVID-19 is having on many businesses, Small and Medium-sized Enterprises (SMEs) are continuing to prove that they remain a vital part of rebuilding our economy.
The UK has always seen the importance of supporting SMEs, which is why unique measures were put into place to ensure that these businesses could persevere through the financial setbacks of this pandemic.
Amongst these measures were Government grants, loans and tax deferrals. Using this support, SMEs were able to sustain employment and provide crucial services.
MP Mims Davies states that two vital areas are at the heart of our renewal, young people and UK SMEs.
As such, the Government has launched a £2 billion Kickstart Scheme that provides funding for employers to create job placements for 16 to 24-year-olds.
Davies wants to encourage SMEs to take up this support. Thousands of new jobs will be available for young people to gain the necessary experience and skills that will ultimately boost their career credentials.
The Government will pay 100 per cent of the age-relevant National Minimum Wage, National Insurance and pensions contributions (for 25 hours a week) for each Kickstarter a business takes on.
If SMEs have less than 30 placements to offer, they can contact their local Employer Partnership manager through gov.uk or the jobcentre closest to them. From here, they will be linked to a local representative body who bids on their behalf and guides them through the process.
Whether it is a charity, another business, local authority, trade body or Chambers of Commerce, these representatives are there to support and complete all the administrative aspects of the process, so SMEs can focus on running their business.