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.