Apprenticeship Incentive of £3000 or £4000
The extension of the Government’s apprenticeship hiring incentives announced by Rishi Sunak in the 2021 Budget have the potential to be transformational for young people and employers alike.
Alongside a much-needed cash boost for businesses, the scheme encourages employers to grow their own talent, creating some fantastic opportunities for young people to start a rewarding career, or to retrain for emerging business opportunities.
From 1st April until 30th September 2021, employers who take on a new apprentice of any age will receive an incentive payment of £3,000. Those hiring apprentices aged 16-18 can also claim an additional £1000 payment under a pre-existing scheme. These employer incentive grants can be claimed through the government’s digital apprenticeship service.
The apprenticeship service will be new to many employers, especially SMEs. We at Riverside Training can guide you through the system – covering everything you need to know to claim your apprenticeship incentive payment through to finding your perfect candidates.