From 1 September, employers large and small can apply for cash incentives designed to create more high-quality apprenticeship opportunities.
As part of the Government’s recently announced Plan for Jobs, employers are offered a £2,000 ‘bonus’ for each new apprentice aged under 25 they hire - £1,500 if they are over 25.
The new cash incentives for employers are in addition to the existing £1,000 payment for new 16-18 year-old apprentices, and those aged under 25 with an Education, Health and Care Plan.
The incentive payment for hiring a new apprentice is separate to the apprenticeship levy and can be used on anything to support organisational costs - for example facilities, uniforms, apprentice’s travel or their salary.
Any organisation can apply for the payment, no matter the size or sector. Applications must be made through the Apprenticeship Service, and employers not currently registered will be required to set up a new account.
For more information, please contact Kimberly Murphy at TAC.
Explore our apprenticeship advice and support at our TAC pages.