Changes to the Kickstart Scheme, Bounce Back Loans and apprenticeships.
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- The Kickstart Scheme is now easier to access
- Greater flexibility for Bounce Back Loan repayments
- Apprenticeship guidance updated
Government guidance has been updated to reflect changes to the Kickstart Scheme and Bounce Back Loans, with new information on how to conduct apprenticeships.
The most significant change is to the Kickstart Scheme. You no longer need a minimum of 30 job placements to apply directly for a grant, making it easier for businesses to apply. You can apply for the Kickstart Scheme here, find new promotional materials here and an updated employer resource here.
Businesses that took out government-backed Bounce Back Loans (BBLS) now have greater flexibility (six months) to repay their loans, announced here. The so-called ‘Pay as You Grow’ scheme will be available to more than 1.4 million businesses—which collectively took out nearly £45 billion since the launch of the loan scheme.
Those looking to claim employees’ wages through the Coronavirus Job Retention Scheme can find new guidance on the inclusion of non-monetary benefits, such as pension contributions under salary sacrifice schemes. You can also find new examples for calculating wages for different types of pension schemes here.
Finally, those looking to employ apprentices through the pandemic should look here for the latest updated guidance. The landing page provides details on temporary flexibilities applied during the pandemic, along with guidance on how and when apprentices can safely train and undertake assessments at work.