New Government Incentives for Apprentices
Did you know that there are new Government incentive payments for recruiting new apprentices?
This month, the government’s ‘Plan for Jobs’ was launched to help kickstart the nation’s economic recovery during the pandemic.
In recognition of the value apprentices can bring to our economy, an incentive payment will be made to employers who recruit a new 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
- For apprentices aged 25 or over the payment will be £1,500
The payment will be made directly to employers in two equal instalments, 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.
If you are thinking about recruiting a new apprentice or are interested in the HR standards we offer, please get in touch with the team here at cHRysos HR Solutions to learn more.
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cHRysos HR Solutions are a UK wide HR training and consultancy company offering CIPD accredited qualifications, Apprenticeships, Training and HR Services to SMEs. For more information about how cHRysos HR can help you or your teams successfully achieve further qualifications, contact us on info@chrysos.org.uk or call 03300 562443.