The government recently announced plans for the UK’s economic response to the coronavirus pandemic in a fiscal statement from Chancellor Rishi Sunak in Parliament.
Along with a number of spending initiatives, the Chancellor also discussed a range of employment incentives, designed to boost employment as part of a wider ‘jobs plan’.
Apprenticeship Employer Incentives
In addition to the existing £1,000.00 incentive for new apprentices aged 16-18 and those aged under 25 with an Education Health & Care Plan (EHCP), the government has announced new employer incentives for the recruitment of apprentices. This funding can be used on anything to support organisational costs, for example facilities, uniforms, apprentice’s travel or their salary:
- A new payment of £2,000.00 for employers in England for each new apprentice hired under the age of 25 between the 1st of August 2020 and the 31st of January 2021.* Now extended to 31st March 2021
- A new payment of £1,500.00 for employers in England for each new apprentice hired over the age of 25 between the 1st of August 2020 and the 31st of January 2021.* Now extended to 31st March 2021
There is currently no limit to this, i.e. on the number of apprentices taken on in this period to receive the incentive.
Any organisation can apply for the payment, no matter the size or the sector. Applications must be made through the Apprenticeship Service. Unsure whether your company is a levy paying or co-investment apprenticeship provider? Find out in our helpful guide.
*correct at 05/01/2021
Traineeship Employer Incentives
An additional £111 million is to be invested this year for traineeships in England – amounting to 30,000 new traineeships being offered to young people.
- A new payment of £1,000.00 per trainee will be for employers in England that provide high quality work placements for 16-24 year olds (limited to 10 trainees per employer)*
- Eligibility for traineeships has been expanded to those who hold up to a level 3 qualification*
At Wirral Met we are proud to work with a number of employees across the Liverpool City Region to provide Traineeships for the young people in our local area. Hear from some of the NHS trusts that we work with on how their programme with the College has helped them:
As an employer, you will be required to provide an exit interview for your trainees. Alternatively, if there is a suitable vacancy available, you can ask them to apply. The government’s Kickstart Scheme will support you for the first 6 months of employment by covering wages and National Insurance contributions (for 16-24 year olds), which could be worth up to £6,500.00!*
*correct as of 14/07/2020
Hiring Apprentices and Trainees
Many of the apprenticeships and traineeships provided through Wirral Met have start dates throughout the year, meaning existing staff and new apprentices will be able to start their qualification at different times.
Now is the time to get in touch with our team to discuss your requirements and see how we can support your recruitment and training. We will support you every step of the way, offering a personal service that you can rely on whilst providing guidance on the funding options available to you.
Create a highly skilled workforce to help grow your business by getting in touch with our friendly, experienced team today.