Business and Other Briefings
DWP: Businesses are being targeted in a new Government campaign urging them to kick off the New Year by taking on a young person. Minister for Employment, Mark Hoban, challenged businesses as he launched the new 'Youth Contract: Works for me' advertising drive on local radio stations.
The campaign raises awareness of the £1bn Youth Contract, the Government’s package of support offering nearly half a million opportunities to help 18-24 year-olds into work.
The campaign raises awareness of the £1bn Youth Contract, the Government’s package of support offering nearly half a million opportunities to help 18-24 year-olds into work.
Mr Hoban is particularly urging businesses to take advantage of 160,000 wage incentives offered as part of the package. These give employers up to £2,275 when they take on a young person who has been unemployed for more than six months.
ECGD: UK Export Finance (UKEF) has confirmed that more businesses in Northern Ireland will be able to take advantage of its Bond Support Scheme following the addition of Ulster Bank to its panel of affiliated lenders.
The Bond Support Scheme provides exporters with increased opportunities when raising contract bonds related to exports and is one of several UKEF initiatives designed to help UK businesses export and ensure they have access to the working capital essential to their growth.
The Bond Support Scheme provides exporters with increased opportunities when raising contract bonds related to exports and is one of several UKEF initiatives designed to help UK businesses export and ensure they have access to the working capital essential to their growth.
WAG: Two Welsh Government business rate incentive schemes - with a total value of £21.5m – go live this month. Both schemes are now open for applications with £3.27m available in the current financial year.
Details of the two new schemes – the Enterprise Zone Business Rates Scheme and the Wales Renewable Energy Producers Business Rate Scheme – were announced last week by Business Minister Edwina Hart.
WAG: First Minister Carwyn Jones has taken the message that ‘Wales is open for business’ as to Turkey in the first of a number of trade mission & overseas missions for 2013.
CBI: The CBI has commented on changes to workplace dispute settlements and TUPE regulations, announced by Employment Relations Minister Jo Swinson.
ECGD: A revised Short Term Communication from the EU Commission came into effect on 1 January 2013 and will be valid until 31 December 2018. As a result UK Export Finance, in common with its counterparts in other EU countries, remains prohibited from providing trade credit insurance cover for exports to buyers in the EU and in certain other OECD countries where the risk horizon is under 2 years.
BIS: A new round of the £350m Regional Growth Fund opened last week. The Fund has already helped 180 projects get started, creating & safeguarding local jobs and attracting significant private sector investment.
DWP: British businesses will be helped to tackle long-term sickness absence in the workplace thanks to a new independent assessment & advisory service aimed at getting people back to work and away from long-term sickness benefits.
The scheme will save employers up to £160m a year in statutory sick pay and increase economic output by up to £900m a year. The new service is expected to be up & running in 2014.
The scheme will save employers up to £160m a year in statutory sick pay and increase economic output by up to £900m a year. The new service is expected to be up & running in 2014.
This Brief gives information about their intention to start a programme of assurance visits to business customers of Registered Dealers in Controlled Oils (RDCO), and business customers of distributors trading under the Tied Oils Class Approval scheme who purchase closed containers of 210 litres or less.
