Apprenticeship cash boost
Chancellor Rishi Sunak confirmed the boost to the apprenticeship incentive scheme in March’s Budget. It is hoped that this boost helps provide more opportunities for young people following the pandemic.
The claims portal opened on 1st June and businesses can apply for £3,000. This claim is for each new apprentice hired as a new employee from 1st April until 30th September.
The cash incentive is designed to help more employers invest in the skilled workforce they need for the future. It has been devised as part of the government’s Plan for Jobs.
The government says the scheme builds on action already underway to protect, support and create more jobs. In addition, it also brings the UK’s skills and education system closer to the employer market.
Chancellor Rishi Sunak commented:
‘Young people have been hit especially hard by the crisis – which is why our Plan for Jobs, launched last year, is focused on helping them get the skills they need to get the jobs they want.
‘By boosting the cash incentives for our apprenticeship scheme we’re improving opportunities for young people to stay in and find work – this could not be more important in our economy’s recovery.’
Claire Judd from Harvey, Telford & Bates comments on the apprentice cash boost:
“This incentive is one of many ways the government is looking to support businesses and young people alike. At Harvey, Telford & Bates we are on-hand to assist and guide businesses through the process. If you would like support, please contact us.”
If you would like to get in touch with us, please call our expert team on 01743 462604. Alternatively, please email us at [email protected]
For more information and to apply, please visit: www.gov.uk/guidance/incentive-payments-for-hiring-a-new-apprentice.
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