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apprentice bonus

Chancellor announces bonus for businesses to hire apprentices

Wednesday 8 July, 2020

During his summer statement Chancellor Rishi Sunak announced a new apprenticeship incentive for employers. Whilst addressing the House of Commons the Chancellor confirmed:

“We know apprenticeships work. Ninety one per cent stay in work or go on to further training. For the next six months we are going to pay employers to create new apprenticeships. We will pay businesses to hire young apprentices with a new payment of £2,000 per apprentice. And we will introduce a brand new bonus for businesses to hire apprentices aged 25 and over with a payment of £1,500.”

The Treasury has since published a “plan for jobs” document, which states these payments will be in addition to the existing £1,000 incentive the government already provides for new 16 to 18 year-old apprentices, and those aged under 25 with an education, health and care plan where that applies. This means that employers could receive up to £3,000 for hiring 16 to 18 year old apprentices from August to January.

If your organisation would like to take advantage of this apprentice bonus but do not want to actually employ the apprentice directly then SEAC can help you! Please contact us with your business details and requirements at info@se-apprenticeship.co.uk and one of our team will call you back to discuss.