From 1 September, employers large and small can apply for large cash incentives designed to create more high-quality apprenticeship opportunities.
As part of the Government’s Plan for Jobs, employers are being offered £2,000 for each new apprentice aged under 25 they hire, and £1,500 for each new apprentice they hire aged 25 and over, up to the 31st January 2021. This includes taking on an apprentice who has been made redundant.
The new cash incentives for employers are in addition to the existing £1,000 payment for new 16-18 year-old apprentices, and those aged under 25 with an Education, Health and Care Plan.
The incentive payment for hiring a new apprentice is different to the apprenticeship levy and can be used on anything to support organisational costs, for example facilities, uniforms, apprentice’s travel or their salary.
Any organisation can apply for the payment, no matter the size or the sector. Applications must be made through the Apprenticeship Service, and employers not currently registered will be able to set up a new account.