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Business Grants, Loans and Finance & Recruitment

Grants, Loans & Finance

Erewash Partnership offers confidential, impartial and free advice to help businesses identify and access business grants, loans and finance. As well as schemes we administer, we can signpost to a range of other organisations who provide business funding. Our experienced, nationally accredited business advisers can help with all aspects of business finance:

  • Business grants
  • Business loans and loan schemes
  • Subsidies available
  • Funding for growth


Recruitment

Apprenticeships – updated 27th August 2020
The Chancellor announced that for the next six months, the Government will pay businesses to hire apprentices, with a new payment of £2,000 per apprentice for those under the age of 25 and £1,500 for those aged 25 and over. This money is in addition to the existing £1,000 payment the Government already provides for new 16-18 year old apprentices and those aged under 25 with an Education, Health and Care plan.
https://www.apprenticeships.gov.uk/employer/the-right-apprenticeship

https://www.gov.uk/government/publications/apprenticeship-recruitment-employers-and-training-organisations


Traineeships
The Government will provide an additional £111 million this year for Traineeships in England, to fund high-quality work placements and training for 16-24 year olds. Employers may receive 1k per trainee, up to 10 trainees.
The Government will also improve provision and expand eligibility for Traineeships to those with Level 3 qualifications and below, to ensure that more young people have access to high-quality training. 
https://www.gov.uk/guidance/traineeship-information-for-employers


Kickstart Scheme – update 4th September 2020
This week, the Government launched the £2 billion Kickstart Scheme which will put young people at the heart of the economic recovery by supporting young people at risk of long-term unemployment into six-month placements across the private, public and charity sectors.  Employers will need to show that the Kickstart role is an additional job that will provide the experience and support a young person needs to improve their chances of permanent employment.  Funding for each job will cover the relevant National Minimum Wage for up to 25 hours a week, plus the associated employer National Insurance contributions and employer minimum automatic enrolment contributions where applicable.  There is also an additional £1500 funding to set up support and training for people on a Kickstart placement, as well as helping pay for uniforms and other set up costs.

The first participants will take up Kickstart roles from November, and we expect the scheme to remain open until December 2021 with the final cohort of six-month roles to end in Summer 2022.

Full details of the Kickstart Scheme are now available at:

https://www.gov.uk/guidance/check-if-you-can-apply-for-a-grant-through-the-kickstart-scheme

It is open to employers of all sizes to create new Kickstart roles but the minimum number of positions applied for in any one application must be for a minimum of 30 job positions. Recognising that most SME’s will not be in a position to offer 30 job positions, joint submissions can be made by an employers’ representative who will pull together a cohort of at least 30 from various companies. At this stage it is unclear which organisations will provide such a service and Erewash Partnership needs to decide if it should provide such a service to our members. However, in order for us to make this judgement we need to fully understand what the demand might be and how many of our members would be interested in the scheme and how many job positions they could offer. We would therefore ask if you could email Lottie at lottie@erewash-partnership.com as soon as possible so that we can collate the responses and rapidly come to a decision.

We will obviously keep you all updated on progress on the Scheme through our weekly newsletter and on the website.


Questions & Answers

Erewash Partnership have access to a wide database of funding sources. To arrange a meeting with one of our advisers to discuss your funding needs, call us on 07946 254839.

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