Applications open today for employers to take part in the Manx Restart Scheme.
The initiative is aimed at providing assistance for Isle of Man residents who have been unemployed for three months or more, with costs met by the £100m Economic Recovery Fund established in response to the coronavirus pandemic.
Eligible employers who recruit a new employee via the Scheme will be able to receive support for up to 70% of their new recruit’s salary and National Insurance contributions, capped at the rate of the Living Wage, for up to 35 hours a week.
Support will be available for up to 52 weeks.
Treasury Member Bill Shimmins MHK said:
‘We continue to focus on negating the economic impacts of the pandemic and this initiative will create a platform to restart the careers of people who could otherwise be at high risk of long-term unemployment.
‘I encourage businesses, organisations and industries to work with us to provide work opportunities that will not only benefit the business organisation but also benefit both the individual and indeed society in the longer term.’
Applications for individuals will open later this month.