Plan for jobs – Additional funding for apprenticeships
03 August 2020
From 1 August 2020, employers, large and small, are being urged to take advantage of new cash incentives which have been designed to create more apprenticeship opportunities for more people, especially young people.
As part of the Government’s Plan for Jobs, employers are being offered £2,000 for each new apprentice they hire under the age of 25, and £1,500 for each new apprentice they hire over the age of 25, up to the 31st January 2021. This also includes taking on an apprentice who has been made redundant due to the current pandemic.
The new cash incentives for employers are in addition to the existing £1,000 payment for new 16-18-year-old apprentices, and those aged under 25 with an Education, Health and Care Plan.
To support individuals, particularly young individuals, affected by Covid-19, the Government has also announced a series of support including:
- An increase to the number of traineeships available across England to help more 16-24 year olds improve their skills and experience and build the confidence they will need to enter the world of work
- A new ‘Kick-start’ scheme to create hundreds of thousands of new, fully subsidised jobs for young people across the country
- Investment to increase participation in sector-based work academies, to upskill job seekers to help fill locally identified vacancies
- A Job Retention Bonus – a one-off payment of £1,000 to UK employers for every furloughed employee who remains continuously employed through to the end of January 2021
- Additional support to school and college leavers at risk of becoming unemployed to do a fully funded optional extra year of study
- The National Careers Service is also providing high quality impartial advice and guidance to more young people and adults who have been affected by coronavirus
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