UK Government Publishes Apprentice Incentives for Employers

The UK Government has published information about incentive payments for employers who hire a new apprentice between 1 August 2020 and 31 January 2021. This will be in addition to the £1,000 employers already receive for hiring an apprentice that is:

• aged 16 to 18 years old
• under 25 with an education, health and care plan or has been in the care of their local authority

What You'll Get

Employers who hire a new apprentice between 1 August 2020 and 31 January 2021 will receive a payment of:

• £2,000 for apprentices aged 16 to 24
• £1,500 for apprentices aged 25 and over

You’ll get the payment in 2 equal instalments. You’ll receive 50% after the apprentice completes 90 days of their apprenticeship and the remaining 50% after the apprentice completes 365 days. To receive the full payment, the apprenticeship must last for at least one year.

For more information, please visit: https://www.gov.uk/guidance/incentive-payments-for-hiring-a-new-apprentice