Santander Universities are presently partnering with the University of Stirling Careers and Employability Service, offering small to medium sized organisations with a subsidy to help them provide internship opportunities to Stirling students and graduates.
All eligible employers can apply for a subsidy of £600 or £900 (No VAT). Depending on which option you choose, you will be able to get one of these subsidy amounts as full funding, half funding or quarter funding towards your internship. Subsidies will be provided on a first come, first served basis until available funds have been used up.
This type of internship can run for 2 weeks full-time, based on a 35 hour week. The employer will received a subsidy of £600 (no VAT), so long as the employer is paying the intern at least £8.57 an hour.
If you would like to offer these hours on a part-time basis during the academic year, allowing students to work around their studies, the pattern can be 1 day (7 hours) a week for 10 weeks or 2 days (14 hours) a week for 5 weeks). The employer will received a subsidy of £600 (no VAT), so long as the employer is paying the intern at least £8.57 an hour.
We will allow part-time internships for students up to 14 hours a week, so long as some of this time is not based during week-day office hours. This is to ensure that the student has time to fit their work around their academic timetable. Ideally, a student should work 7 hours a week if the job will only be carried out during weekday office hours.
Part-time subsidised internships over 70 hours (TAB)
Any internships longer than 70 hours will receive a half subsidy of £600 or £900 (No VAT),based on the intern being paid at least £8.57 an hour by the employer. These internships can be offered in one of the following patterns:
For £600 subsidy:
For £900 subsidy:
Subsidy of £600, based on you paying an hourly rate of £8.57 an hour.
Subsidy of £900, based on you paying an hourly rate of £8.57 an hour.
Access to a skilled candidate ready to take on a varied role, and provided our intern, with what was hopefully, a valuable experience in a professional environment to apply his knowledge in a real world business context. Participating in the Santander/University of Stirling scheme meant we could take on a skilled full-time employee with a shared cost. .
Marc Crothall, CEO of Scottish Tourism Alliance
The scheme was certainly beneficial to both the company and intern. Having used the scheme previously too, I think the scheme is a great way to get recent graduates with enthusiasm into the business and allow them to share and bring their ideas into the business. Via the scheme, Owen has secured long term employment with the company as have interns from the previous year.
Katy Gibson, YouTrain