Incentive for Hiring Apprentices

22nd July, 2020

From August 2020 to January 2021 organisations will receive a £2000 incentive payable for each newly recruited apprentice aged 16-24 and a £1500 incentive payable for each newly recruited apprentice aged 25 and over. 

These grants will be in addition to the existing £1000 incentive the government already provides for new 16-18 year old apprentices and those aged under 25 with an education health care plan. This means employers could receive up to £3000 for hiring a 16-18 year old apprentice from August 2020 – January 2021. 

“Futures For Business brings an edge to the apprenticeship training market and provide critical support and guidance to employers (who are otherwise clueless!). They took the time to find out our exact business needs, pressure points and got the team to understand fully about the world of apprenticeships and our levy pot.

We have worked with Jane and the Futures team for 3+ years now and they are always going the extra mile to provide solutions for us. As an SME, this support and guidance is critical and has allowed us to offer more development opportunities for our employees, as well as training new talent from the local area. Alongside this there’s a high level of support for the apprentices. When they finish their course, they’re a completely different individual to when they first started. We have had 5 apprentices through Futures programmes, all have successfully completed their course and have been offered permanent roles with the company.  Looking to the future, there are plans for many more apprentices to join our company with Futures always being the first to mind!” Victoria Ellis, HR Graduate at YU Energy 

“We’re very keen to support this incentive; we want to drive the work economy in supporting the recruitment of new apprentice roles. Apprenticeships are a fantastic way to shape an employee’s skills to meet what your business needs. They boost staff morale tenfold, not only by injecting some fresh energy into the workforce, but by showing your people you care about training and development.

They’re a great way to invest in the future of a business and we’re looking forward to meeting with many new employers making the most of this incentive.” Sarah Clifford, Head of Apprenticeships 

The online portal for making claims will be available September 2020 and all payments will be made in 2 equal installments, but give us a call or drop us an email to get the ball rolling 0345 850 8899  

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