Financial support for apprenticeships

In the Chancellor’s Summer Economic Update Click Here, new financial support was announced for employers hiring apprentices that are new to the business (i.e. not existing or recent employees).

When an apprentice is hired between 1 August 2020 and 31 January 2021, businesses will be given:

  *   £2,000 for each new apprentice they hire under the age of 25
  *   £1,500 for each new apprentice aged 25+

This is in addition to the existing £1,000 payment the government provides for new 16-18-year-old apprentices and those aged under 25 with an Education, Health and Care Plan (EHCP).

Contact Sue Evans for more information on how Richmond Training can help you access the funding and to support your recruitment drive.

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