Government Grants

 

 

Key Information

The Government has announced that any employer that hires an apprentice from the 1st August 2020, is eligible to access a government grant of £1,500 – £3000 per apprentice.

 

16-18 years old £3000 grant

£1000 employer incentive grant paid in two instalments of £500.

£2000 for the new bonus scheme announced by Rishi Sunack.

19-24 years old £2000 grant

£2000 for the new bonus scheme announced by Rishi Sunack.

All employers are required to pay the 5% contribution to any apprentices training cost.

25 + years old £1500 grant

£1500 for the new bonus scheme announced by Rishi Sunack.

All employers are required to pay the 5% contribution to any apprentices training cost.

Please click on the below link to find out more information.

https://www.gov.uk/guidance/incentive-payments-for-hiring-a-new-apprentice

 

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