An incentive payment will be made to employers who hire an Apprentice between 1 August 2020 and 31 March 2021.
Between this time, any employer that hires a new young Apprentice aged 16-24 will receive £2,000, while those that hire new Apprentices aged 25 and over will be paid £1,500. The payment will be made directly to employers in two equal instalments, where the apprentice is still in learning at day 90 and day 365.
These payments will be in addition to the existing £1,000 incentive the government already provides for new 16-18 year-old Apprentices, and those aged under 25 with an education, health and care plan where that applies.
It means that employers could receive up to £3,000 for hiring new 16-18 year old apprentices during the six month incentive scheme.
The Apprentice must:
- Be a new employee to the business
- Have a contract of employment start date between 1 August 2020 and 31 March 2021 (inclusive)
- Not have been employed by the employer within the six months prior to the contract start date.
There will be no limit on the number of incentive payments that an employer can claim for Apprentices eligible to receive funding, provided each Apprentice meets the criteria above.
Talk to us today
Claims can start to be made by employers in relation to Apprentices hired between 1 August and 31 March from 1 September 2020. Details of how to claim are currently being finalised, but these will need to be made through the Apprenticeship Service. We will be on hand to support you with this, and make the process as smooth as possible for you.
We believe, now, more than ever, that Apprentices will play a vital role in the recovery of the local and national economy following the Covid-19 outbreak.
If you require any further information, then please do not hesitate in contacting us. You can speak to a member of our team today by contacting one of our Apprenticeship Account Managers:
Qasim Rauf – email@example.com 07878 128354
Chris Precious – firstname.lastname@example.org 07718 697131