To help businesses offer new apprenticeships, Government will provide a new payment of £2,000 to employers for each new apprentice they hire aged under 25....
Apprenticeships - new £2000 payment for employers
To help businesses offer new apprenticeships, Government will provide a new payment of £2,000 to employers for each new apprentice they hire aged under 25, and £1,500 for each new apprentice aged 25 and over (1 Aug–31 Jan):
- Employers can take advantage of existing flexibilities to train their apprentices in a way that suits their needs; they can choose how to spend the payments to support their apprentices e.g. supporting travel costs or contributing to wages
- Government has committed to improve the working of the Apprenticeship Levy. Government will also work with large employers to improve the transfer process, making it easier for them to find smaller employers to transfer levy funds to, thus helping them maximise the amount of funding they will be able to transfer
- The new payment is in addition to the financial support Government already provides to help employers meet the needs of some groups of apprentices in the workplace, e.g. the £1,000 payment for employers hiring apprentices aged 16-18 years-old, or those aged 19-24 who have an Education, Health and Care plan