Funding boost to get more young people into work – £1000 Cash Boost for Employers hiring trainees
25th February 2021 
News 
CHW Accounting
There is a £1,000 cash incentive to encourage employees to hire trainees within the workplace. The aim of the cash boost is to help businesses with associated costs of providing a work placement for a trainee, including facilities, uniforms or helping with travel costs.
The scheme will support young people to gain the skills and experience they need from the very start, helping them to get a job, an apprenticeship, or pursue further study. The cash boost – which is available until 31 July 2021 – will help businesses with the cost of providing a high-quality work placement for a trainee. This includes providing facilities, uniforms or helping with travel costs.
Businesses offering new traineeship opportunities will receive the £1,000 bonus for every trainee they take on with up to a maximum of 10 trainees. Employers can claim the cash incentive for all work placements that have been completed since 1 September.
The financial support is available for employers who offer a work experience placement to a trainee who is undertaking qualifying training, and the period of work experience must be a minimum of 70 hours.
Employers can also retrospectively claim the cash incentive for all qualifying work placements that have been completed since 1 September 2020.
For more details and how to apply click here https://www.gov.uk/government/news/funding-boost-to-get-young-people-get-into-work
This article is for general guidance only. It provides an outline, and may not include points which are important to your situation. You should not depend on this blog without taking advice based on the full facts of your case. The information given was correct at the time of publication.
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