The incentive – available until 31st July 2021 – is designed to help businesses cover the cost of providing a work placement for a trainee including providing facilities, uniforms or helping with travel costs.
Eligible employers will receive the £1,000 bonus for every trainee they take on, up to a maximum of 10 trainees, and can claim the cash incentive for all work placements that have been completed since 1st September 2020.
The launch of the new scheme follows the announcement in July 2020 by the Chancellor Rishi Sunak, as part of his Plan for Jobs, of an additional £111 million investment to support the expansion of traineeships so more young people have the skills and confidence they need to get on in life.
Gillian Keegan, Minister for Apprenticeships and Skills said: “This cash boost will help employers of all sizes provide more traineeship opportunities, to invest in their workforce so they can rebuild and grow, giving young people a vital route to start their apprenticeship journey, get their first job or go on to further study.”
This £1,000 bonus is in addition to the Kickstart Scheme announced last year, which offers employers £2,000 for each new apprentice they hire aged under 25, and £1,500 for apprentice aged 25 and over until the end of March 2021.
How to apply for the Trainee Employer Incentive Scheme
Full details and how businesses can apply for the Trainee Employer Incentive Scheme can be found here.
Last updated: 18th February 2021