Due to the Coronavirus (COVID-19) pandemic the government has recently announced new employer financial incentives, which could directly benefit your business.
How the government is supporting you
The government has introduced incentive payments for hiring a new apprentice. The scheme provides employers who hire a new apprentice between 1 August 2020 and 31 January 2021 with a payment of:
– £2000 for each new apprentice aged between 16 and 24
– £1500 for each new apprentice over the age of 25
The government will make this payment in addition to the £1000 payment that employers already receive for taking on an apprentice:
– aged 16 to 18
– under the age of 25 with an education health and care plan
How the employer incentive payment works
From 1 September, employers can apply for the incentive through their apprenticeship service account. The government will make payments directly to employers’ bank accounts. You will get the payment in two equal instalments. 50% after the apprentice completes 90 days of their apprenticeship and the remaining 50% after the apprentice completes 365 days of their apprenticeship. To qualify, the apprentice must still be employed by the same employer and still be carrying out their apprenticeship. The first payments will be made from January 2021.
If you think an apprentice could make a real impact in your team, contact Julie on 01482 307357 or Sue on 01482 307366, or email email@example.com.