Incentives for employers hiring a new apprentice extended by 6 months and increased to £3000.
Chancellor Rishi Sunak delivered the spring budget on the 3rd March 2021 which included positive news for employers recruiting new apprentices. Last July, a range of employment incentives were introduced, designed to boost employment as part of a wider ‘jobs plan’.
Apprenticeship Employer Incentives
From the 1st April through to the 30th September 2021 any employer recruiting a new apprentice, regardless of their age will be able to claim a £3000 employer incentive. This is in addition to the existing £1000 employers receive for recruiting a 16 - 18 year old apprentice.
Traineeship Employer Incentives
The £1000 employer incentive for providing work experience for trainees has also been extended into the 2021/2022 academic year. Employers can continue to claim a £1000 incentive for offering at least 70 hours of work experience to a 16-24 year who is on a Traineeship programme.
