Financial incentives were first introduced by Rishi Sunak in August and currently offer firms £2,000 to take on apprentices aged 16 to 24, while those that employ new apprentices aged 25 and over are paid £1,500.
From April up until 31st January employers will receive £3,000 per new hire, regardless of the apprentice’s age.
This is on top of the £1,000 payment provided for new apprentices aged 16 to 18 and those under 25 with an Education, Health and Care Plan, meaning that some employers could receive £4,000 in total.
If you would like to find out more information click here.
Aspire Training Team offers Apprenticeships in childcare, business administration, leadership and management and customer service. Find out more;
