In the chancellor’s Summer Statement, as part for the government’s ‘Plan for Jobs’, it was announced that there would be additional payments made to employers who hire eligible apprentices. To the tune of up to £2000 Apprenticeship Grant.
Businesses hiring apprentices between 1 August 2020 and 31 January 2021 can take advantage of these incentives.
Employers will receive:
- £2,000 for apprentices aged 16 – 24
- £1,500 for apprentices aged 25 and over
The payment is in addition to the existing £1,000 you’ll already get for taking on an apprentice who is:
- Aged 16 to 18 years old
- Or under 25 and has an education, health and care plan or has been in the care of their local authority
You’ll get the payment in 2 equal instalments:
- 50% after the apprentice completes 90 days of their apprenticeship
- …and the remaining 50% after 365 days.
To get the full Apprenticeship Grant, the apprenticeship must last for at least one year.
In order to claim this new incentive payment, the employer will need to claim this.
The HMRC portal is HERE. Payments are paid straight into to your bank.
Your training provider will take care of the existing £1000 payment, to you.
Our payroll team have been letting employers know about the scheme, as it may be easy to miss this bonus £2000 apprenticeship grant.
For clarity, this is outside of the ‘Kickstart Scheme’ that you may have heard us talk about.
That particular scheme is difficult to access for most small employers.
For any more info about any of these, or to talk to us about any more info, get in touch.