Cash Bonus to take on Trainees
The Government has announced that employers can now apply for a £1,000 cash bonus to help them take on new trainees.
The new Traineeship Employer Incentive Scheme will support young people (aged 16-24) to gain the skills and experience they need, helping them to get a job, an apprenticeship, or to pursue further study.
The cash incentive, which is available until 31st 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, up to a maximum of ten trainees.
Employers can claim the cash incentive for all work placements that have been completed since 1st September 2020.
This cash incentive is in addition to the apprentice scheme announced last year, which offers £2,000 for each apprentice taken on aged under 25, and £1,500 for apprentices aged 25 and over.
Full details of the ‘Framework for delivery’ for Traineeships can be found here. This includes details of the goals for Traineeships, the criteria that decides who can become Trainees and the target groups.