The £2bn Scheme, that will help graduates get jobs in Covid

Feb 19th 2021

Kickstart Scheme- The 2 billion fund, creating 300,000 jobs for young people

Living with parents probably wouldn’t have been most grads first choice when they were dreaming of finding their first job or travelling abroad after graduating. Unemployment and claiming Universal Credit following University life, may feel like the end of the world for many grads, all those late nights trying to finish assignments, fuelled by red bull and the crippling debt most students accumulate, may feel like it was all in vain. Being unemployed can take away many grads sense of purpose, because at the end of the day, no fresh-faced fresher would ever have dreamt that after three years in higher education they would be in this predicament.

However, the Government kickstart scheme may be the answer to many grads’ prayers, as it is now open to all young people regardless of their educational background, it will be delivered by the Department for Work and Pensions and Employers can begin job placements up until December 2021.

Some background information in relation to the Kickstart scheme

The Government Kickstart scheme announced by the Chancellor Rishi Sunak in his budget speech back in summer 2020, promised the launch of a Kickstart Initiative aimed at young people claiming Universal Credit, as a direct consequence of the Coronavirus pandemic. It aims to enable young people to get back into work amid the economic crisis, a chance to kickstart the countries’ economy.

How can it help Graduates?

For the grads of 2020, amid COVID 19, the job market looks very different to what any of them could have ever imagined, with economists expecting unemployment rates to continue rising even into 2021. The Kickstart scheme covers a six-month paid work placement with a local employer and is open to 16–24-year-olds in England, Scotland, and Wales, who are claiming Universal Credit and at risk of long-term unemployment. The scheme provides a
fully funded job opportunity for young people to gain experience of working within a professional environment and to be fully supported.

Overall, it is hoped that the kickstart scheme will entice employers to offer young people, including graduates, full-time roles within their company and the opportunity for these young people to gain invaluable experience and skills, to develop knowledge and adjust to the working environment, improving their chances of finding long-term work after completing the scheme.

How the Kickstart Scheme works

The Government will provide funding to employers to cover the cost of each placement, to include 100% of the age-related employment costs for 25 hours a week and includes the employee’s salary at the appropriate minimum wage for their age, in addition to National insurance and pension contributions. Employers can also to top up this wage, which can be a life saver for grads during this global pandemic.

How can you apply?

If you are currently claiming Universal Credit, you may be eligible to apply for a six-month placement covered by the Kickstart Scheme, that aims to provide 300,000 jobs for young people.

It's a brilliant scheme that is starting to set jobs live everyday now, so more and more opportunities are coming available.

There are a few things you need to do, to make sure you can get notifications for the roles and what they consist of! By signing up to Gradfuel, our personalised job assistant, will make sure you're guided through this process and made aware of the steps.

Sign-up today using the blue button in the bottom right corner to start finding out more about the Kickstart Scheme!

Written by Charlotte Kitromilides, Modern Languages and Linguistics Graduate from the University of Southampton.

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