Re-Act Funding can make the difference in a Redundancy situation
Redundancy – the transition to something great. Re-Act Funding in Wales makes the difference when someone is being made redundant.
Our Lead Trainer Laura Evans knows first hand the benefits of Re-Act Funding; Laura was made/took redundancy 3 times during her corporate career and each time life got even better for her (yes, seriously!)
Redundancy provided opportunities and access to a training grant each time Laura was made redundant that really helped her secure the jobs she wanted and increased her employability.
Yes, there is no denying the early days can be tough when you’ve been told you’re being made redundant. Sometimes it feels scary, unsettling, can create uncertainty, maybe it puts you into overwhelm as you worry about how you can pay your bills or care for your loved ones. These feelings are quite normal reactions – but we promise you this phase passes. We support people to come out of this phase, see ways they can retake control and move forward towards a new goal. We get lots of people on our courses who are at a cross-roads in their life and NLP is great for not only equipping you with lots of new skills and experiences you can use in the workplace, but it also helps you with your own mindset as you go through this transition phase.
Re-Act funding – am I eligible?
In Wales, we are very lucky to have access to Welsh Government support through the Redundancy Action Scheme (Re-Act). ReAct helps people affected by redundancy gain new skills – skills you need to help you secure employment. The great thing is that if you meet certain criteria you can have access to a training grant of up to £1,500 to acquire new skills, retrain and/or change career if you live or work in Wales (cool, eh?);
Details of the criteria can be found here, and include;
- Have you become unemployed in the last 3 months as a result of redundancy, are currently unemployed and who have not been in continuous employment for 6 weeks or more since being made redundant; or
- Are currently under notice of redundancy; and
- Have not undertaken any publicly funded training since being made redundant, including the work-based learning suite of programmes
The other great thing is that the ReAct grant is not means tested – so no matter what your salary if you are an employee and want help to gain skills to gain another job – you can apply for the £1,500 grant.
Re-Act funding – how does it work (from an applicants point of view)?
Timing is critical if you want to access the Re-Act fund – The ReAct training grant is for training that takes place while you are under notice of redundancy or after you have been made redundant BUT must be approved before you start a new job (and also has the 3 month limit detailed above).