On 16th November 2011, the Government announced a new incentive to encourage thousands of small firms that don’t currently employ apprentices to take on a young apprentice aged 16 to 24. This will support up to 40,000 new Apprenticeships.
The incentive is for employers with up to 50 (and in some cases up to 250) employees and comprises a payment of £1,500 payable in two stages. It will be available to small firms in all industries and for Apprenticeships at all levels from April 2012.
Details of how the new incentive will be administered and when employers will be able to express formal interest in it are currently being developed and will be announced as soon as possible. Updates on this development will appear on this website.
The incentive is part of a wider £1 billion package of support to encourage small businesses to employ young people.
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