On Wednesday 8th July 2020, the Chancellor – Rishi Sunak announced that there will be funding available in England for employers who take on Apprentices between 1st August 2020 and 31st January 2021.
The funding is linked to the Government’s Plan for Jobs which will help to kickstart the Nation’s economic recovery. In recognition of the value Apprentices can bring to our economy, an incentive payment will be made to employers who hire an Apprentice between 1st August 2020 and 31st January 2021. There are conditions to the funding:
The Apprentice must be a new employee to the business
Have a contract of employment start date between 1st August 2020 and 31st January 2021
Funding will vary depending on the age of the apprentice
Businesses that offer Apprenticeships view them as beneficial to their long-term success. Hiring an Apprentice is a productive and effective way for any business to grow talent and develop a motivated, skilled, and qualified workforce.
As the economy recovers from the coronavirus (COVID-19) outbreak, Apprenticeships will be more important than ever in helping businesses to recruit the right people and develop the skills they need to respond to conditions and grow – both now and in the long-term.