The UK government will introduce a new payment of £2,000 to employers in England for each new apprentice they hire aged under 25, and a £1,500 payment for each new apprentice they hire aged 25 and over, from 1 August 2020 to 31 January 2021.
Employers can now apply for a £1000 cash support to help them take on new trainees. The aim of the new scheme is to support young people to gain the skills and experience, by providing facilities, uniforms or helping with travel costs. Businesses offering new traineeship opportunities will receive the £1,000 bonus for every trainee they take on with up to a maximum of 10 trainees. Employers can claim the cash incentive for all work placements that have been completed since 1 September. The cash support is available until 31 July 2021 and details on how to apply can be found here.