Incentive payments for hiring a new apprentice

Apprenticeships will be more important than ever in helping businesses to recruit the right people and develop the skills they need to recover and grow – both now and in the long term.

 

Due to the economic impact of the coronavirus (Covid-19) outbreak, the Government has introduced incentive payments for hiring a new apprentice to help organisations offer new apprenticeships.

Incentives such as up to £2k for a new apprentice plus an additional £1k kick-start payment for trainees with work experience training. Businesses can use this £3k in any way they want – towards apprentices’ wages, accommodation etc.

Employers who hire a new apprentice between 1st August 2020 and 31st January 2021 can apply for:

  • £2,000 for each new apprentice aged 16-24
  • £1,500 for each new apprentice aged 25 and over.

You can apply for the payment from 1st September 2020, after you add new apprentices to your apprenticeship service account. The first payments will be made from January 2021 and will be paid directly into employers’ bank accounts.

For more information, visit: https://help.apprenticeships.education.gov.uk/hc/en-gb/articles/360015391139-Incentive-payments-for-hiring-a-new-apprentice-.

For information on kick-start, visit: https://employeebenefits.co.uk/government-kick-start-scheme/.