The Jobs Fund is a £1.5million scheme that has been introduced by Nottingham City Council to help jobseekers back in to work – but how does this benefit your business?
We asked Rachel Graham is the Project Manager working along side Nottingham City Council to help promote the scheme and we asked her how the scheme works.
Rachel said “We’ve been asked to help introduce the Nottingham Job fund to private sector companies, encouraging them to create new roles for unemployed people from Nottingham by providing a financial incentive. For each new role that is filled through the Nottingham Jobs Fund, the scheme contributes 50% of the yearly salary and in certain circumstances up to 75%! There are limits on the total amounts paid based on a formula and number of hours worked, but typically the award could be worth around £5000 and could be as high as £7254 for the first 12 months of employment . This is great news for SME’s – maybe your business could really do with an extra pair of hands in administration, but doesn’t want an excessive overhead. Maybe you want to try alternative marketing strategies, but haven’t been able to justify the cost of a marketing executive in the past. With the Nottingham Jobs Fund, you reduce costs and gain a team member that could prove invaluable to your business operations.
Exeid Client David Thomsas of Eastside Properties with Phil Spencer
David Thomas form Eastside Properties said “ The Nottingham Job fund arrived at just the right time for our young growing business. We needed to expand but couldn’t get the support from the banks to help us recruit. Instead we heard about the Nottingham Job Fund via our Business support manager at Exeid. They explained that we just needed to consider applicants who resided in Nottingham and that were currently unemployed. We’ve recruited two excellent new team members and our business has gone from strength to strength as a result.”
It pays to know what funding is available for your business
especially for small businesses. The Nottingham Jobs Fund could be worth taking advantage of in order to grow your business whilst keeping control of costs. What’s more, it is available for the next three years! For more information on the Jobs Fund, terms and conditions and guidelines, Please email Rachel Graham by clicking here and Rachel will call you to go through the details and help you with what is really quite a simple application process.
We asked Rachel Graham is the Project Manager working along side Nottingham City Council to help promote the scheme and we asked her how the scheme works.
Rachel said “We’ve been asked to help introduce the Nottingham Job fund to private sector companies, encouraging them to create new roles for unemployed people from Nottingham by providing a financial incentive. For each new role that is filled through the Nottingham Jobs Fund, the scheme contributes 50% of the yearly salary and in certain circumstances up to 75%! There are limits on the total amounts paid based on a formula and number of hours worked, but typically the award could be worth around £5000 and could be as high as £7254 for the first 12 months of employment . This is great news for SME’s – maybe your business could really do with an extra pair of hands in administration, but doesn’t want an excessive overhead. Maybe you want to try alternative marketing strategies, but haven’t been able to justify the cost of a marketing executive in the past. With the Nottingham Jobs Fund, you reduce costs and gain a team member that could prove invaluable to your business operations.
