Last reviewed 4 June 2021
With effect from 1 June, employers of all sizes in England can apply for extra funding to help them take on new apprentices, in what the Department for Education (DfE) has called the latest drive to revolutionise the skills and training offer.
Businesses can apply here to claim £3000 for each new apprentice hired as a new employee from 1 April until 30 September this year.
Employers can choose how to spend the cash by, for example, covering uniform or travel costs for the apprentice.
The incentive is paid in addition to the funding available to employers for training and assessing apprentices, and the extra payments the Government already makes to support employers and providers meet the needs of the youngest apprentices and those with an Education, Health and Care Plan.
Chancellor Rishi Sunak said: “By boosting the cash incentives for our apprenticeship scheme we’re improving opportunities for young people to stay in and find work — this could not be more important in our economy’s recovery”.
He pointed out that thousands of businesses across the country have already taken advantage of the original incentive scheme, which was first launched in July last year.
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 nine regions of England with full details available at https://www.gov.uk/government/publications/traineeship-employer-incentive-registration-form.
Comment by Kate Palmer, HR Advice and Consultancy Director at Peninsula
This development serves as the latest example of how willing the Government is to invest in the employment of young workers to help boost the UK economy.
Whilst offering apprenticeships is not a legal requirement for employers who are currently not offering such a scheme, doing so could help to further promote the company to prospective candidates and therefore attract skilled individuals towards current opportunities.
Employers should remember that introducing an apprenticeship scheme can be highly beneficial to the ongoing development of the business. Aside from the £3000 incentive payment, apprenticeships can present an opportunity to solve recruitment needs and tackle skill shortages in a low risk, cost-effective and socially responsible way.
By providing the initial exposure to someone entering an industry, employers can also tailor their training and development to the specific needs and requirements of their in-house operations.