Inverclyde Community Development Trust has released details of its current funding streams available to employers across Inverclyde, all of which could be of great use to Inverclyde’s growing Food and Drink sector. 

Inverclyde Council Wage Subsidy

What’s involved?

• You can get up to £5,000 when your company commits to employ an unemployed Inverclyde resident in a new job or new Modern Apprentice (MA) for a minimum of 52 weeks.
• The funding contributes 50% of the actual salary costs of recruiting a young person for a designated period of sustainable employment.
• Post must be for a minimum of 25 hours per week and maximum 40 hours per week.
• This funding prioritises individuals completing employment skills & training programmes with the Trust.

Scotland’s Employer Recruitment Incentive (SERI)

What’s involved?

• You can get up to £7,000 when your company commits to a new job or new Modern Apprentice (MA) for an Inverclyde resident aged 16 – 29yrs, with an additional £500 payable at the end of 52 week period on provision of evidence that the young person has been paid the Living Wage.
• Post must be for a minimum of 16 hours per week.
• The funding is a contribution towards the additional costs of recruiting a young person during their first 52 weeks of sustainable employment.
• ‘Eligible’ young people must have an evidenced barrier to employment and as a national minimum, it is expected that 25% of places will support young people who are care leavers, carers, an ex-offender or disabled.

Inverclyde Council Graduate Programme

What’s involved?

• You can get up to £9,000 when your Inverclyde company commits to hiring a local graduate (graduated within the last 2 years), aged 20 – 29 years.
• Post must be for a minimum of 30 hours per week and a maximum of 40 hours per week.
• The wage subsidy payable would be 50% of the actual gross pay for the employee, payable for a maximum of 52 weeks or to a maximum of £9,000 whichever came first.

Please Note:

• All wage incentives and subsidies are a co-investment in unemployed residents of Inverclyde with a view to helping businesses grow.
• They are only open to individuals who are unemployed.
• All subsidised jobs must be additional to an existing workforce and must not replace a redundant post.
• Jobs cannot be filled prior to the formal authorisation of the wage subsidy/incentive.

For further details, please contact Kevin Millar or call 01475 553300.