The Chancellor today announced a package of measures to support jobs and invest in a ‘green recovery’. The ‘Plan for Jobs’ includes job creation by bringing forward work on £8.8 billion of new infrastructure, decarbonisation and maintenance projects.
Green Homes Grant
As part of investment in a ‘green recovery’, homeowners and landlords in England will be able to apply for vouchers from a £2 billion Green Homes Grant scheme to make their homes more energy-efficient and create local jobs.
- The grant will cover at least two-thirds of the cost for energy efficient measures up to £5k.
- For low income households, the vouchers will cover the full cost up to £10k.
Public Sector, Infrastructure Investment & Social Housing Polit
- A £1 billion programme is being introduced to make public buildings, including schools and hospitals, greener, helping the country meet its ambitions of achieving Net Zero by 2050.
- As announced, £5.8 billion will be spent on shovel-ready construction projects to get Britain building, including hospital maintenance and upgrades, local roads network and rebuilding schools.
- The Chancellor has also announced £50 million to pilot the right approach towards decarbonised social housing.
Construction Talent Retention Scheme
The Construction Talent Retention Scheme is a partnership between the Government and industry to secure essential talent in the UK construction sector.
- Construction Talent Retention Scheme will keep skills in the sector, matching displaced workers with employers seeking new staff
- Scheme is based on proven model to safeguard talent in the aerospace and automotive sectors
- Supported by the Construction Leadership Council (CLC) and all leading sector trade bodies
The Construction Talent Retention Scheme, to formally launch later this month, will be an online portal that supports redeployment of staff at risk of redundancy across the sector, while also enabling temporary employee loans between businesses. The Scheme gives displaced workers from other sectors a route to find new employment in construction. The not-for-profit programme has funding secured until the end of April 2021.Businesses and employers interested in finding out more are encouraged to register their interest at: www.trs-system.co.uk/construction
Job Retention Bonus
As part of the plan to support jobs, a Job Retention Bonus will be introduced to help firms keep furloughed workers.
- UK Employers will receive a one-off bonus of £1,000 for each furloughed employee who is still employed as of 31 January 2021.
- They must be paid at least £520 each month from November to January.
A new £2 billion Kickstart Scheme is being launched to create hundreds of thousands of new, fully subsidised jobs for young people across the country.
- Those aged 16-24, claiming Universal Credit and at risk of long-term unemployment, will be eligible.
- Funding available for each six-month job placement will cover 100% of the National Minimum Wage for 25 hours a week plus an amount to cover overheads, and employers will be able to top up the wage.
- Employees must provide ‘good quality’ jobs with training and support.
- There is no cap on the number of places available.
Apprenticeship and traineeships
A total of £1.6 billion will be invested in scaling up employment support schemes, training and apprenticeships to help people looking for a job. Young people, who are amongst the worst hit by the crisis, will benefit from this. This includes:
- Businesses will be given £2,000 for each new apprentice they hire under the age of 25. This 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.
- A £111 million investment to triple the scale of traineeships in 2020-21 ensuring more young people have access to high quality training.
- £17 million of funding to triple the number of sector-based work academy placements in 2020-21