Apprenticeship Incentive Schemes
The Chancellor’s “A Plan for Jobs” speech launched a wave of new apprentice incentive schemes to help boost the economy and kick-start jobs growth and recovery post Covid-19.
With 24 years’ experience in delivering Apprenticeships, Protocol is supporting employers to understand the range of incentives available and how they can benefit their organisation.
Apprenticeships are jobs with vocational training which leads to an Apprenticeship qualification upon completion. Apprentices are employees and employers must pay their apprentices the Minimum Apprentice Wage for their age group.
What new incentives are available?
£2,000 for any business taking on a new apprentice aged 16-24 between 1 August 2020 – 31 January 2021. This payment is in addition to the existing incentives below.
£1,500 for any business taking on a new apprentice over the age of 25 between 1 August 2020 – 31 January 2021.
What existing incentives are available?
£1,000 for any business taking on an apprentice aged 16-18 (or aged 19-24 with an Education Health and Care plan or care leaver).
Business with fewer than 50 employees will have 100% of the Apprenticeship cost for apprentices aged 16-18 funded by the Government. There is a 5% co-funding charge for 19+ learners.
All employers must be registered on the Apprenticeship Service, click here for more details
For more information on apprenticeships, please contact us on 0121 236 2634 or email at firstname.lastname@example.org, and download our government incentives leaflet below for more information.