From 1 June, employers of all sizes in England can apply for extra funding to assist them take on new apprentices. Businesses can apply to claim £3,000 for each new apprentice hired as a new employee between 1 April 2021 until 30 September 2021.
This payment is in addition to the £1,000 employers already receive for hiring an apprentice https://chw-accounting.co.uk/news-and-blog/funding-boost-to-get-more-young-people-into-work-1000-cash-boost-for-employers-hiring-trainees/
According to HMRC “The cash incentive is designed to help more employers invest in the skilled workforce they need for the future, as part of the government’s Plan for Jobs. It builds on the extensive action already underway to protect, support and create more jobs while bringing our skills and education system closer to the employer market and widening the opportunities that are available, as we build back better from the pandemic.”
Employers can only apply for new apprentices who joined the organisation from 1 April 2021 to 30 September 2021.
Employers cannot apply for an existing employee who joined the organisation before 1 April 2021, even if they started an apprenticeship after this date.
Payments will only be made once an applicant’s finance details have been received and verified. The payment will be made in 2 instalments for each apprentice. The first payment will be due after an apprentice completes 90 days of their apprenticeship and the second payment will be due after 365 days.
Further information on how to make a claim can be found here https://www.gov.uk/guidance/incentive-payments-for-hiring-a-new-apprentice
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