The UK Government is offering financial incentives to organisations to recruit apprentices. According to the Government,
Hiring an apprentice is a productive and effective way to grow talent and develop a motivated, skilled and qualified workforce.
* 86% of employers said apprenticeships helped them develop skills relevant to their organisation
* 78% of employers said apprenticeships helped them improve productivity
* 74% of employers said apprenticeships helped them improve the quality of their product or service
An apprentice can be a sustainable investment in skills to support businesses as the economy recovers.
Incentives only apply to apprentice you have hired - it does not cover existing employees who joined your organisation before 1 August 2020, even if they started an apprenticeship after this date. The incentives cover two time periods:
Apprentices who joined your organisation before 1 April 2021
For new apprentices who joined your organisation between 1 August 2020 and 31 March 2021 aged:
* 16 to 24, employers will receive £2,000
* 25 and over, employers will receive £1,500
Employers must apply for these apprentices before 31 May 2021.
Apprentices who joined your organisation from 1 April 2021 to 30th Sept 2021
Employers will receive £3,000 for new employees of any age who start their apprenticeship from 1 April 2021 to 30 September 2021. There are no age restrictions.
Employers can apply for incentive payments for these apprentices from 1 June 2021.
You can find more details on the incentive scheme for hiring a new apprentice here.