Today, 3 March, the Chancellor announced that the additional apprenticeship incentives announced last summer would be increased to £3,000 for all new hires, regardless of age. The eligibility period for this revised sum is 1 April 2021 to 30 September 2021.
This is great news for businesses in recovery phase, and those small employers that have faced financial barriers in recruiting new apprentices previously.
In addition he also announced the following:
- £7 million for a new “flexi-job” apprenticeship programme in England, that will enable apprentices to work with a number of employers in one sector.
- Additional £126 million for 40,000 more traineeships in England, funding high quality work placements and training for 16-24 year olds in 2021/22 academic year.
You can read the press release which describes the Measures announced by Chancellor Rishi Sunak in the Budget.
Contact the team today if you want to know more and need help getting started on your apprenticeship journey email@example.com