Cash incentives for employers to hire new apprentices doubled
Contents |
[edit] Introduction
In March 2021, apprenticeship financial incentives offered firms £2,000 to take on apprentices aged 16 to 24, while those that employ new apprentices aged 25 and over were paid £1,500. These payments have been extended to September 2021 and will increase to £3,000, regardless of the age of the apprentice. This means that any employers who hire new apprentices between 1 April 2021 and 30 September 2021 will receive £3,000 per new hire, regardless of the apprentice’s age.
This is on top of the £1,000 payment for new apprentices aged 16 to 18 and those under 25 with an Education, Health and Care Plan, meaning that some employers could receive £4,000 in total.
[edit] Additional incentives
[edit] Traineeship programme
The Government hopes to increase the number of 16 to 24-year-olds on its Traineeship programme. Employers who provide trainees with work experience will continue to be funded at a rate of £1,000 per trainee.
[edit] Portable apprenticeships
The Government will also introduce a £7 million fund from July 2021 to “help employers in England set up and expand portable apprenticeships”.
The 2021 budget document says this will enable people who need to work across multiple projects with different employers, such as in the TV and film industries, to “benefit from the high-quality long-term training that an apprenticeship provides”.
The scheme refers to these as “flexi-job” apprenticeships. The first of these is expected to start in January 2022.
[edit] SME incentives
The 2021 budget document says the Government will offer a UK-wide management programme to upskill 30,000 small- and medium-sized enterprises (SMEs) over three years. The budget states: “Developed in partnership with industry, the programme will combine a national curriculum delivered through business schools with practical case studies and mentoring from experienced business professionals.
“Over 12 weeks, and 90% subsidised by government, this programme will equip SMEs with the tools to grow their businesses and thrive.”
This article was originally published on the news portion of the ECA website. It was published on 5 March 2021.
--ECA
[edit] Related articles on Designing Buildings Wiki
- Apprenticeship Levy transfer service.
- Apprenticeships levy.
- Articles by the Electrical Contractors' Association (ECA)
- Budget 2021.
- Construction apprenticeships.
- ECA apprentice secondment service.
- Government funded apprenticeship incentives.
- Small and medium-sized enterprises SME.
- Tackling the construction skills shortage.
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