Apprenticeship Cash Incentives Now Live | Instructus Skills

Apprenticeship Cash Incentives Now Live

As of June 2021, businesses can claim £3000 for each new apprentice. This cash incentive is available for all apprentices hired between the 1st of April and the 30th of September.

This funding is part of the Government’s Plan for Jobs, which aims to help employers invest in training and build workforce skills. It is different from the Apprenticeship Levy as employers can spend the money in any way that supports their business.

Read More: The Apprenticeship Levy Explained

Gillian Keegan, Minister for Apprenticeships and Skills said: “Apprenticeships are a fantastic way for employers large and small to grow their businesses and will continue to play a key role in our economic recovery.”

“This cash boost will help even more employers to invest in their future workforce, creating more high-quality apprenticeship opportunities so businesses have the skilled talent pipeline they need to thrive, not just today but also in the future.”

Cash Incentive Guidance | Instructus Skills

Employers can claim this cash incentive in addition to other apprenticeship funding and are not required to pay it back. Click here to learn more and get started.

As well as the apprenticeship cash incentives, employers can also apply for a £1000 cash boost to help them deliver traineeships. This comes as part of a £126 million investment aimed at creating 40,000 more traineeships across England. Click here to learn more and to get started.

Read More: How To Hire An Apprentice

When taking on an apprentice, you need to have a plan in place for the end of their training.

Our clients have praised our End-Point Assessment service for its reliability and flexibility. To learn more about how we can help your business with End-Point Assessment, click here.

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