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Hiring new apprentices? Here’s what you need to know
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Here’s what you need to know about applying for extra funding to help your business take on new apprentices.
With effect from 1 June, employers of all sizes in England can apply for extra funding to help them take on new apprentices, in what the Department of Education has called the latest drive to revolutionise the skills and training offer.
Businesses can apply to claim £3,000 for each new apprentice hired as a new employee from 1 April until 30 September this year.
Employers can choose how to spend the cash by, for example, covering uniform or travel costs for the apprentice.
The incentive is paid in addition to the funding available to employers for training and assessing apprentices, and the extra payments the Government already makes to support employers and providers meet the needs of the youngest apprentices and those with an education, health and care plan.
Employers can also apply for a £1,000 cash boost to help them deliver traineeships, for up to ten learners per region in each of the nine regions of England.
Traineeship employer incentive registration form – GOV.UK (www.gov.uk)
Incentive payments for hiring a new apprentice – GOV.UK (www.gov.uk)
Don’t hesitate to contact us if you require further information.
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Did you know there are funding opportunities available to help you grow your business? You could receive up to 55% back on your spend.
Contact our Grants Team for more information.
Email: gillian.baker@waltonscw.co.uk
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