The Government has announced employers can now apply for a £1,000 cash boost to encourage them to take on new trainees.
The scheme, which is available until July 31, 2021, will help firms manage the costs of providing training, which includes facilities such as travel costs and uniforms.
Firms offering new traineeship opportunities will receive £1,000 for every trainee taken on, up to a maximum of 10 trainees.
The cash incentive can be claimed for all work placements that have been completed since September 1, 2020.
Gillian Keegan, Minister for Apprenticeships and Skills, said:
‘This cash boost will help employers of all sizes provide more traineeship opportunities, to invest in their workforce so they can rebuild and grow, giving young people a vital route to start their apprenticeship journey, get their first job or go on to further study.
‘I strongly encourage as many employers as possible to apply now and take advantage of this fantastic offer so more young people can gain the skills they need to progress in their careers as we build back better from the pandemic‘
This new scheme is in addition to the apprentice scheme announced last year, which offers employers £2,000 for each new apprentice they hire aged under 25, and £1,500 for apprentices aged 25 and over.
Get in touch
If you would like to know more about the recent announcement and how your business can benefit from this scheme, please contact us today. Our business growth experts are here to help you guide through these challenging times.
