APPRENTICESHIP FUNDING IN ENGLAND
FROM AUGUST 2020 TO JANUARY 2021
On Wednesday 8th July 2020, the Chancellor – Rishi Sunak announced that there will be funding available in England for employers who take on apprentices between 1st August 2020 and 31st January 2021.
The funding is linked to the government’s Plan for Jobs which will help to kickstart the nation’s economic recovery. In recognition of the value apprentices can bring to our economy, an incentive payment will be made to employers who hire an apprentice between 1st August 2020 and 31st January 2021. There are conditions to the funding:
- The apprentice must be a new employee to the business
- Have a contract of employment start date between 1st August 2020 and 31st January 2021
- Funding will vary depending on the age of the apprentice
Businesses that offer apprenticeships view them as beneficial to their long-term success. Hiring an apprentice is a productive and effective way for any business to grow talent and develop a motivated, skilled, and qualified workforce. As the economy recovers from the coronavirus (COVID-19) outbreak, apprenticeships will be more important than ever in helping businesses to recruit the right people and develop the skills they need to respond to conditions and grow – both now and in the long-term.
APPRENTICESHIP FUNDING AVAILABLE
The payments will be as follows:
- £2,000 for each new apprentice taken on aged between 16 and 24
- Plus an additional £1,000 for each new apprentice taken on aged between 16 and 18
- £1500 for each new apprentice taken on aged 25 and over
Employers will claim this directly from the Government.
Full details can be found here: Apprenticeship funding in England From August 2020
Apprenticeships are suitable for those already in employment as well as those wishing to enter employment.
Finding the perfect Apprentice for your company is key. We take the time to understand your requirements, the role and the competencies you are looking for to enable us to make the best match. We send a selection of applicants for you to interview, giving you confidence in your final decision.
We will ensure the quality of the training your Apprentice receives is exceptional. Weir Training is an Ofsted Outstanding Provider of Apprenticeships. Our Curriculum Specialist will visit your workplace every month to provide 1 to 1 teaching, training and support to your Apprentice.
Apprenticeships help to develop and accredit the skills of the workforce. They are achieved through the demonstration of skills.
Achieving an Apprenticeship shows your employees can do their job to the national standards and have the up-to-date skills which employers like you are looking for in terms of work. An Apprenticeship which proves your employees can do a job competently is a valuable possession, which also helps to build your workforce for the future.
Weir Training is committed to providing a quality service for Apprentices to enable them to achieve successful outcomes and meet their career aspirations. Weir Training is an Ofsted Outstanding Provider of Apprenticeships.