Published by Lexi O’Donnell, Digital Marketing Intern.
If you or your employer have hired or are planning on hiring a new apprentice between 1 August 2020 and 30 September 2021, we have great news! There are plenty of government incentives that come with hiring new apprentices, no matter when they joined your team!
Who Gets What?
Apprentices hired from 1 April 2021 to 30 September 2021: Employers are eligible to receive £3,000 for any new apprentices at any age. This is the newest incentive from the government for employers who have or have been looking to add apprentices to their team. This incentive is added onto the £1,000 that employers are already receiving for hiring an apprentice that is:
• ages 16 to 18 years old
• under 25 with an education, health care plan, or has been in the care of their local authority.
The timeline to apply for these inventive payments is from 1 June 2021 to 30 November 2021.
Apprentices Hired Before 1 April 2021:
• Apprentices ages 16-24: employers receive £2,000.
• Apprentices ages 25 and over: employers receive £1,500.
The deadline to apply for the incentive for these apprenticeships is 31 May 2021.
What This Means
These incentive payments are extremely helpful for employers like you because they differ from the levy funds previously provided. Employers can spend these payments on anything they would like to support the costs that come with supporting your organisation. Additionally, you do not have to pay anything back!
Although, in order to get paid, the government must receive and verify your organisation’s financial details; this can take some time. You must make sure that you get all of the necessary application requirements submitted by the deadline and we can help you with this. We have a team of experts who are on hand to guide you through the process.
How can we help?
As a national training provider, we can support your organisation in finding the perfect apprentice through our assisted recruitment service. We deliver over 19 fully or part-funded courses that could benefit your business and a team of consultants who can guide you through every step. If you would like more information, why not email us: info@lmpeducation.org or talk to us via our live chat on our website.
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