Apprenticeship Benefits for 2020 & Beyond | Instructus Skills

Apprenticeship Benefits for 2020 & Beyond

September saw the UK Government launch incentives and packages in support of apprenticeship training. With so much to absorb, we’ve rounded up the headlines to help you better understand how an apprenticeship could benefit your business.

Plan for Jobs Scheme Launched

In the most significant boost for apprenticeships, September saw the launch of the government’s new “Plan for Jobs” initiative. Under this plan, UK employers can apply for cash to spend on apprenticeships.

Employers can apply for:

    • £2,000 for each new apprentice they hire aged under 25
    • £1,500 for each new apprentice they hire aged 25 or over

The incentive payment, which aims to create more high-quality apprenticeship opportunities, is different from the Apprenticeship Levy. As such, employers can use it on anything that supports the organisational costs of apprenticeship training.

Any organisation can apply for the payment, no matter the size or sector. Applications must be made through the Apprenticeship Service before the closing date of 31st January 2021.

For full details of the Plan for Jobs scheme click here.

Johnson Sets Out Future Apprenticeship Benefits

Capping off September, the Prime Minister’s Lifetime Skills Guarantee speech outlined the future direction for apprenticeships. In the speech, Boris Johnson outlined a long-term plan to “transform the training and skills system, making it fit for the 21st-century economy”.

Johnson promised an increase in apprenticeship opportunities and specified that funding will be available for SMEs to take on apprentices. In sectors with varied employment patterns, such as construction and the creative industries, there will also be greater flexibility in the structure of apprenticeship training.

Whilst Johnson did not provide any figures, training providers and employers will welcome the commitment to increased apprenticeship funding.

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