Over 500 bodies based in England, Scotland, and Wales have offered their support through the government’s Kickstart Scheme to assist young people in getting into work. The scheme provides £2bn funding to employers for the purpose of creating job placements for youngsters (16 to 24-year-olds). Let’s dig deeper into the topic and find the cheapest merchant services for small business.
Kickstart Scheme & Cheapest Merchant Services for Small Business
In early July 2020, the UK Government introduced its job-related plan, including the Kickstart Scheme. The latter represents a £2bn fund aimed at covering the cost of the jobs with the lowest wage for young people aged from 16 to 24. According to the government, this will result in the opening of hundreds of thousands of jobs.
Now, small-business owners are criticizing the scheme by pointing out disadvantages concerning them. The thing is that companies taking on fewer than 30 new young employees aren’t allowed to apply directly for funds.
According to the Federation of Small Businesses (FSB), the body representing the interests of small businesses in the country, these businesses aren’t the main target for the scheme: it’s more for larger ones.
Are you able to stay afloat during these tough times? One thing is sure: working with a true expert of merchant services is a must. To find the most suitable merchant-processing services, including the cheapest merchant services for small business, apply to a respectable comparison specialist in the country.
Make sure the merchant-processor comparison specialist provides you with the most trustworthy review of processing companies at the time of writing.
Further Developments Concerning the Kickstart Scheme
Work and pensions secretary Thérèse Coffey notes that small businesses are critical to the recovery of the economy of the country and play a vital role in the Kickstart Scheme.
Now, the scheme allows workers to apply for funds, and the 1st placements are anticipated to be available from November 2020. The funds are meant to cover the minimum wage for 25 hours per week and other costs.
So, business owners in the UK can now apply for the government-backed Kickstart Scheme. However, UK small businesses expressed their concerns over the scheme because of several disadvantages. Specifically, they were concerned about the restrictions on applications.
Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of merchant accounts and can best help you with the cheapest merchant services for small business. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie on his backyard porch, as should all right-thinking people.