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Final opportunity to take advantage of additional £3k apprenticeship incentive

Final opportunity to take advantage of additional £3k apprenticeship incentive

Businesses in our region are to be given a helping hand in their recruitment and training drives, following the announcement that the Apprenticeship employer incentive, originally due to end in September, has been extended until the end of January 2022. 

The news was announced at the Conservative Party Conference by chancellor, Rishi Sunak, as part of a £500 million jobs support package. It means that, for every new apprentice placed, employers can benefit from a cash bonus of £3,000.

Taking on an apprentice can address many common business challenges, including: recruiting the most suitable trainees; reducing the cost of adding new posts; retaining staff through investment in their development; and creating a structure for staff development that can be applied beyond apprenticeship staff.

The news is welcomed by independent training provider, Access Training, which operates from offices in Nottingham and Derby, and supports businesses across the East Midlands. 

Corrina Hembury, Access Training’s Managing Director, comments, 

“Of all the employment and training incentives currently on offer, apprenticeships are undoubtedly the most financially compelling. £3,000 is a significant amount for many businesses in our region, and our clients have the added bonus of tapping into Access Training’s free recruitment support, which takes the legwork out of finding and helping to interview the right candidates.

“We would, however, urge any employer who is interested in taking advantage of this time-limited support to get in touch as soon as possible, and certainly before December. The £3k incentive is only available for apprentices who are in place by the end of January, and of course adequate time needs to be committed to advertising, interviewing, and selection.”

Apprenticeships span many different subjects, qualifications, duration and eligibility. They are open to participation from both the unemployed and employed, at any age from 16 onwards. The £3k enhanced incentive was originally introduced in August 2020, as an effort to help industry recover after the impact of Covid-19. 

Learn more about Access Training’s Apprenticeships

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