Cash Incentives Extended and to double to £3,000 For Employers of Adult Apprentices

Cash Incentives Extended and to double to £3,000 For Employers of Adult Apprentices
Cash incentives extended and to double to £3,000 for employers of adult apprentices

Financial incentives are set to double to £3000 for employers hiring apprentices aged 25 and over, this was previously £1500 for over 25s. This now means regardless of age every new apprenticeship hire will see a £3000 payment.

This payment 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 a maximum of £4,000.

This scheme will run from April until September 2021, which is an extension of 6 months.

To find out more information contact us so we can guide you through the process.

 

Apprenticeship funding extension

  • Cash Incentives Extended and to double to £3,000 For Employers of Adult Apprentices