Incentive payments for hiring a new apprentice
Apprenticeships are jobs with training, that benefit people of all ages and backgrounds. Due to the coronavirus (COVID-19) pandemic, employers may face challenges with hiring new apprentices.
How the government is supporting you:
The government has introduced extended the incentive payments for hiring a new apprentice.
You can apply for new apprentices who joined your organisation from 1 April 2021 to 30 September 2021. You must first set up an apprenticeship service account.
Apprentices who joined your organisation from 1 April 2021
You will receive £3,000 for new apprentices of any age who have an employment start date of 1 April 2021 to 30 September 2021.
They must have an apprenticeship start date of 1 April 2021 to 30 November 2021.
The incentive payment is in addition to the £1,000 employers already receive for hiring an apprentice:
- aged 16 to 18 years old
- under 25 with an education, health and care plan or who has been in the care of their local authority
To receive the full payment, the apprenticeship must last for at least one year.
How the employer incentive payment works:
Employers can apply for the incentive payment through their apprenticeship service account. The government will make the payments directly to employers’ bank accounts.
You’ll get the payment in 2 equal instalments. 50% after the apprentice completes 90 days of their apprenticeship and the remaining 50% after the apprentice completes 365 days of their apprenticeship.
To qualify, the apprentice must still be employed by the same employer and be carrying out their apprenticeship (as evidenced by the ILR).
Please talk to us at the Business Development team we will be happy to support.
Apprentices who joined your organisation before 1 April 2021
The application deadline for these apprentices has closed.
(source: www.iagonline.org June 2020)