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