November 11, 2021
Incentive Grants Have Been Extended!
Receive an incentive up to £4000 for every new apprentice hired
If you are an employer and you decide to take on a new apprentice before the end of January 2022, you will be able to claim a £3,000 incentive payment.
The incentive payment is in addition to the £1,000 employers already receive for hiring an apprentice:
- aged 16 to 18 years old
- aged 19 to 24 with an education, health and care plan or who has been in the care of their local authority
Bonuses of £3,000 for every apprentice a business hires ended in September, but Sunak has prolonged the scheme by four months until the end of January. The bonus payment allows businesses to add to their workforce, find new talent and allow apprentices to kick start their career, no matter their age.
The incentive payment is in addition to the £1,000 employers already receive for hiring an apprentice and is also different from apprenticeship levy funds. Therefore, this extra payment, as announced in the March 2021 budget, can be spent on anything to support an organisation’s costs or towards the apprentice’s salary.
You can find out more about how incentive grants and payments work by visiting the government website.
How does an apprenticeship program work?
An apprentice will learn while they work. This may take the form of a day release to a college or other center of learning, or they could be based on your premises for five days a week, completing their studies at work; how the apprenticeship is designed is based on the needs of you and your apprentice.
As such, they are an ideal mechanism for a young person to begin their career, and for employers to cultivate a cost-effective, loyal and knowledgeable workforce.
You don’t need to employ a new member of staff in order to benefit from apprenticeships. Most employers choose to recruit new people as apprentices, but you can place an existing member of staff on an apprenticeship if they have taken on additional responsibilities or moved to a new role. This can be an effective way of training members of staff who have been identified as having great potential and want to develop their skills further.
How can we help?
Here at GBS Apprenticeships, we offer additional support in:
- Choosing the right apprenticeship courses to benefit your business
- Help in recruiting the right learners for the right courses, that will be dedicated learners and grow with your business as an employee
- CV Building sessions to help people create an outstanding CV to showcase their skills and knowledge
Interested in the courses we offer?
Check out our full list of apprenticeships we deliver with fully experienced and expert trainers and skills coaches here!