We are all very aware of how important it is to continue to support apprentices within the industry, especially now that we have the new National Foundry Training Centre and the levy-funded apprenticeship standard.
The Government have recently put in place a number of incentives to support employers to take on apprentices to ensure we have a future pipeline of talent coming through.
Here are details of the Incentive payment for employers hiring a new apprentice;
- The Government’s Plan for Jobs will help to kick-start the nation’s economic recovery. In recognition of the value apprentices can bring to our economy, an incentive payment will be made to employers who hire an apprentice between 1 August 2020 and 31 January 2021
- The apprentice must be a new employee to the business, have a contract of employment start date between 1 August 2020 and 31 January 2021 (inclusive) and must not have been employed by the employer within the six months prior to the contract start date
- Claims can start to be made by employers in relation to these apprentices from 1 September 2020. Those claims must be made through the apprenticeship service
- There will be two levels of payment based on age. For apprentices aged 16-24 the payment will be £2,000, and for apprentices aged 25 or over the payment will be £1,500. The payment will be made directly to employers in two equal installments, where the apprentice is still in learning at day 90 and day 365
- There will be no limit on the number of incentive payments that an employer can claim for apprentices eligible to receive funding, provided each apprentice meets the criteria, including being a new employee.
Further details are available from Michala French of Foundry Training Services LTD: email@example.com