Financial incentives available through the National Apprenticeship Service
The AGE 16 to 24 year olds is aimed at helping eligible employers to offer young people employment through the Apprenticeship programme, by providing wage grants to assist employers in recruiting their first apprentice or employers who have not employed an apprentice in the last 12 months. The National Apprenticeship Service will provide Apprenticeship grants to small to medium sized employers with up to 50 employees recruiting 16 to 24 year olds with a value of £1,500 to encourage new employers to take on new apprentices. The £1,500 is in addition to the training costs of the Apprenticeship framework which are met in full for young people aged 16 to 18 and 50% for those aged 19 to 24. The Apprenticeship grant is triggered at the 13 week stage of employment and is available to eligible employers who commit to employ one or more 16 to 24 year old apprentices for the first time. The payment is a grant and is exempt from VAT. The training provider will pay the employers the full amount of £1,500 at around the 20 week stage, after the apprentice starts and providing the apprentice meets set targets. Each employer is allowed a maximum of 5 learner grants.
The NAS AGE £1500 grant is currently available until July 2017.
Financial incentives available through the Birmingham Jobs Fund
Protocol through the BJF can provide financial incentives (up to £1500) for businesses recruiting Birmingham’s young people. Youth unemployment is a problem in Birmingham. To help tackle this we are offering enhanced financial incentives to employers so that they can open up apprenticeship and non-apprenticeship opportunities to young people. The programme is called Young Talent for Business. We can provide financial incentives for businesses recruiting Birmingham’s young people.
The young person must be residing in a Birmingham Local Authority Post Code: The Birmingham Jobs Fund payment in some cases can be claimed at 13 weeks or in other cases at 26 weeks of the apprentice starting their apprenticeship framework training.
The Birmingham Jobs Fund £1500 grant is currently available until July 2018.
This grant is additional to the NAS AGE grant.