From 1 June 2021 employers of all sizes in England can apply for extra funding to help them take on new apprentices. The boost to the apprenticeship incentive scheme was confirmed by the Chancellor in the Budget in March. Business can apply to claim £3,000 for each new apprentice hired as a new employer from 01 April until 30 September 2021. 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.
This is in addition to the £1000 available for:
- aged 16 to 18 years old
- under 25 with an education, health and care plan or who has been in the care of their local authority.
Employers can choose how to spend the cash, for example, covering uniform or travel costs for the apprentice.
£5,000 for employers taking on or upskilling a 16 to 24-year old apprentice, and for those aged up to 29 years who are disabled, care leavers and Minority Ethnic.
£3,500 for employers taking on or upskilling an apprentice aged 25 plus.
Until 30 September 2021 businesses will be able to claim up to £4,000 for each new apprentice, they hire under the age of 25.
Skills and Training Lead George Swann said:
“Now is the ideal time to recruit the workforce of the future via apprenticeships. For more information on the options available to employers please see the FIS Apprentice – Guidance for Employers. If you would like to discuss this please give us a call we will be happy to help.”