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

Limited Companies

Should a key member of your staff be suddenly unable to work, it might be best to consider how you can reduce the impact of their absence.

Read more
Limited CompaniesSole Traders & Partnerships

Here are the tax implications relevant to providing a gift/event to best please your employees, whilst also being financially sensible.

Read more
Sole Traders & Partnerships

Sole traders & partnerships: If your year-end is not 31 March or 5 April, HMRC is changing how it will assess your profits.

Read more
Limited CompaniesSole Traders & Partnerships

If you’re considering using a piece of cloud-based accounting software, such as Xero, QuickBooks, or Sage, then it’s important you understand what each option can offer you. What follows are some worthwhile considerations…

Read more
wave

I am a...