Businesses that take on apprentices between 1 April and 20 September 2021 will receive a cash incentive of £3,000. The previous rates were £2000 for apprentices aged between 16 – 24, or £1500 for those aged 25 and over, so the new rate has doubled in respect of those aged 25+.
Employers can use the incentive funding to help meet any of the costs associated with supporting a new apprentice in their workplace including: facilities, uniforms, and apprentice travel. It can also contribute to meeting the costs of an apprentice’s wages. Individual employers can choose how to spend the money to support their apprentices depending on their individual circumstances.
The grants are available to both levy and non-levy paying employers which take on a new apprentice from April 2021 until September 2021. New apprentices cannot be existing employees.