Cash boost for apprenticeships launched

Need advice? We can help.Get in touch today

As part of its “Plan for Jobs”, the government has now announced that, from 1 June 2021, employers of all sizes in England can claim £3,000 for each new apprentice they hire (or have already hired) between 1 April 2021 and 30 September 2021. According to the government, this cash incentive is designed to help more employers invest in the skilled workforce they need for the future. 

The original apprenticeship incentive scheme, launched in July 2020, offered employers £1,500 for each new apprentice aged 25 or over, or £2,000 for each new apprentice aged 16 to 24, recruited between 1 August 2020 and 31 March 2021.

The incentive is paid in addition to the funding available to employers for training and assessing apprentices. Employers can choose how to spend the money.

Useful information for Cash boost for apprenticeships launched

IndividualsLimited CompaniesSole Traders & Partnerships

There could be changes to the Capital Gains Tax system in the Autumn Budget 2024. Find out what reliefs are currently available!

Read more
Charities & Civil Society OrganisationsLimited Companies

A Community Interest Company is a type of limited company that exists to benefit the community rather than for private profit.

Read more
Limited CompaniesSole Traders & Partnerships

If you’re starting a new business, it’s vital you understand the financial and legal pros and cons the different structures offer.

Read more
Limited CompaniesSole Traders & Partnerships

There is a new scam letter targeting businesses, requesting taxpayers ‘verify’ their financial information via email.

Read more
Limited CompaniesSole Traders & Partnerships

HMRC has launched a quick digital tool, so businesses can estimate how registering for VAT might affect them.

Read more
Limited CompaniesSole Traders & Partnerships

The King’s Speech focused strongly on creating a stable economic environment, but what will this practically mean for businesses?

Read more