From today employers of all sizes in England can now apply for extra funding to help them take on new apprentices, in the latest drive to revolutionise the skills and training offer across the country.
The boost to the apprenticeship incentive scheme was confirmed by the Chancellor in the Budget in March, and will be available to claim from today (1 June). Businesses can apply to claim £3000 for each new apprentice hired as a new employee from 1 April until 30 September.
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. It builds on the extensive action already underway to protect, support and create more jobs while bringing our skills and education system closer to the employer market and widening the opportunities that are available, as we build back better from the pandemic.
Thousands of businesses across the country have already taken advantage of the original incentive scheme, which was first launched in July last year by the Chancellor.
Employers can choose how to spend the cash, for example, covering uniform or travel costs for the apprentice.
Apprenticeships are playing a central role in the government’s reforms to post-16 education and training, ensuring more people can gain the skills they need to get the jobs they want in a wide range of exciting sectors everything from digital marketing, engineering and clean energy.
The government is also investing £126 million to help create 40,000 more traineeships in England, for 16-24-year olds in 2021-22.
Traineeships are programmes lasting between 6 weeks and 12 months that offer young people invaluable training and work placements that boost employability, bridge skills gaps and bolster the future talent pipeline of businesses.
Employers can also apply for a £1000 cash boost to help them deliver traineeships for up to 10 learners per region, in each of the 9 regions of England.