New £1000 cash support for businesses to help with the cost of providing a traineeship.
Employers can now apply for a £1000 cash boost to help them take on new trainees, Apprenticeships and Skills Minister, Gillian Keegan has announced today (27 January).
The new scheme will support young people to gain the skills and experience they need from the very start, helping them to get a job, an apprenticeship, or pursue further study. The cash boost – which is available until 31 July 2021 – will help businesses with the cost of providing a high-quality work placement for a trainee. This includes providing facilities, uniforms or helping with travel costs. Businesses offering new traineeship opportunities will receive the £1,000 bonus for every trainee they take on with up to a maximum of 10 trainees. Employers can claim the cash incentive for all work placements that have been completed since 1 September.
Read more: Funding boost