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Employer Incentives

In July 2020, the Chancellor Rishi Sunak announced a range of incentives and bonuses for employers who hire apprentices over the next six months.

Apprenticeships

From 1st August 2020 to 31st January 2021, any firm that hires a new young apprentice aged 16 to 24 will receive an incentive bonus of £2,000, while those that hire new apprentices aged 25 and over will be paid a bonus of £1,500.

The Treasury has confirmed in its “plan for jobs” document that these payments will be in addition to the existing £1,000 incentive the government already provides for new 16 to 18 year-old apprentices, and those aged under 25 with an education, health and care plan where that applies.

This means that employers could receive up to £3,000 for hiring 16 to 18 year old apprentices from August to January.

Traineeships

To encourage the uptake of Traineeships, the Treasury has announced an incentive to employers of £1000 per Trainee, up to a maximum of £10,000 per employer.

They have also announced that some of the eligibility rules for these learners are being relaxed, meaning that those with a prior level three qualification are now eligible to complete a Traineeship.

Traineeships are typically recognised as valuable pre-apprenticeship programmes, focussing on maths, English and employability development for those who are unemployed, and provide an ideal starting point to progress onto further training or employment such as an Apprenticeship. 

KickStart Programme

This scheme is aimed at employers who support 16-24 year olds who are claiming Universal Credit and are at risk of long-term unemployment. Under this scheme, the Treasury will pay the wages of hundreds of young people to complete a six-month work placement with the employer. 

The scheme will be open to funding applications from August 2020, with the first jobs expected to begin in the autumn.

This is a separate scheme to the Apprenticeship programme - but could prove to be an ideal stepping stone to progress onto Apprenticeships afterwards.

To find out how you can employ and support a Trainee or Apprentice, and access these Government incentives, please contact Jennie or Brom today:

Jennie.Bowmer@mitregroup.co.uk

Bromley.Sibson@mitregroup.co.uk

 

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