Following the slightly disappointing release of the Kickstart Scheme (only available for those aged between 16 & 24 who are claiming Universal Credit where there is a minimum of 30 job placements), the updated apprentice’s incentives have now been released.
To refresh the situation – Employers are being offered £2,000 for each new apprentice they hire aged under 25, and £1,500 for each newly recruited apprentice aged 25 and over. This includes taking on an apprentice who has been made redundant.
This new cash incentive for employers is on top of the existing £1,000 payment for new 16 to 18-year-old apprentices and those aged under 25 with an Education, Health and Care Plan.
Full details of how to apply for the incentive payments can be found at GOV.UK.
The Government is also providing a new online and telephone support service for apprentices who have lost their jobs during the Covid-19 outbreak, which can be accessed at engage.apprenticeships.gov.uk.
(Don’t Forget) The rules
Any organisation can apply for the payment, no matter the size or the sector. They must hire an apprentice who is new to their organisation and who starts their contract of employment and their apprenticeship between 1 August 2020 and 31 January 2021.
Employers will be able to apply for the payment from 1 September 2020, after they have added new apprentices to their apprenticeship service account.
They will need to provide their bank details so that the money can be paid directly.
The organisation’s training provider will need to confirm the details provided to the National Apprenticeship Service so that it can make the necessary payment.