In order to decrease unemployment amongst young people in England, the Government has announced additional payments for employers hiring apprentices.
Currently employers can receive a payment of £1,000 for every new apprentice between 16-18 years old and those aged under 25 with an Education, Health and Care (EHC) Plan. The new payments will be added to the existing £1,000.
In total, employers will receive:
16-24 with EHC
25 and over
The additional payments will apply to those who started their apprenticeship between 1st August 2020 and 31st January 2021 and can be claimed until 30 April 2021. The employee must be new to the organisation.
The two instalments will be paid as follows:
1st (50%): upon completion of 90 days of apprenticeship
2nd (50%): after 365 days