- 4th February 2021
- Posted by: Suzy Hill
- Category: Business News
£1000 Cash Boost for Employers hiring trainees
Employers can now apply for a £1,000 cash boost to help them take on new trainees, the government has announced.
The new scheme will support young people to gain the skills and experience they need from the very start, helping them to get a job, an apprenticeship, or to pursue further study.
The cash boost – which is available until 31 July 2021 – will help businesses with the cost of providing a high-quality work placement for a trainee. This includes 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 ten trainees.
Employers can claim the cash incentive for all work placements that have been completed since 1 September.
Gillian Keegan, Minister for Apprenticeships and Skills, said: ‘We’re pulling out all the stops to help young people get the skills and confidence they need to progress. This cash boost will help employers of all sizes provide more traineeship opportunities to invest in their workforce so they can rebuild and grow, giving young people a vital route to start their apprenticeship journey, get their first job or go on to further study.
‘I strongly encourage as many employers as possible to apply now and take advantage of this fantastic offer so more young people can gain the skills they need to progress in their careers as we build back better from the pandemic.’
Full eligibility criteria and details of how to apply can be found here.