HM GOVERNMENT INCENTIVES DOUBLED TO GIVE YOUR COMPANY A FINANCIAL BOOST DURING YOUR APPRENTICESHIP RECRUITMENT PROCESS
Up to £3000 extra* funding
(*Extra to usual £1000 employer incentive payment) from HM Government, see below for further details
Increased payments for all employers who hire new apprentices before 30th September 2021
The government have extend their Apprenticeship Incentive scheme which is due to run until 31st March. Employers who hire a new apprentice between 1 April 2021 and 30 September 2021 will receive up to twice the original amount of the previous scheme.
BUDGET 2021: Rishi Sunak Doubles Incentives for Apprenticeships
Rishi Sunak has put apprenticeships to the forefront of his recovery plans by doubling the incentive payments handed to employers. This is a welcome extension to the previous incentive scheme for all UK employers.
Under the new plans, the government will pay an employer who hires a new apprentice between 1 April 2021 until 31 September £3,000.
This apprenticeship bonus is an increase on the previous scheme’s terms of £1,500 per new hire or £2,000 for those aged 24 and under. Unlike the previous scheme, today’s announcement is applicable for apprentices of all ages.
These payments are on top of the existing £1,000 that employers get for all new 16-18-year-old apprentices and those aged under 25 with an Education, Health and Care Plan.
Please contact us if you are an employer and need guidance on the new funding rules.
For further information and guidance please contact Mark NeildMark Neild
Internal Operations Director
Tel: 0161 480 9822
email: MNeild@setatraining.com