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News & Press: Member News

Financial Support for Apprenticeships

04 August 2020   (0 Comments)
Posted by: Mary Kinsella
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As the UK adjusts to the new normal, the government has introduced financial support to help employers hire new apprentices. Through apprenticeships, you can build competitive skills to encourage growth in your organisation.

INCENTIVE PAYMENTS FOR HIRING A NEW APPRENTICE
When you hire new apprentices between 1 August 2020 and 31 January 2021, you can apply for extra funding to give your organisation a boost.

For apprentices aged:
  • 16 to 24, you’ll receive £2,000
  • over 25, you’ll receive £1,500
The payment is in addition to the existing £1,000 you’ll already get for taking on an apprentice who is:
  • aged 16 to 18 years old
  • under 25 and has an education, health and care plan or has been in the care of their local authority
You could get the incentive payment when you hire an apprentice who’s been made redundant, as long as they’re new to your organisation.

 

More information via the link below.

https://engage.apprenticeships.gov.uk/incentives.html