Shears Academy News

Hello Employers!

The government has extended the employer incentive scheme for hiring a new apprentice. The scheme, which pays up to £3,000 to employers for each new apprentice hired between 1st  August 2020 and 31st January 2021, has been extended to the end of March 2021.

Employers who hire a new apprentice between August 2020 and the end of March 2021 can claim a payment of £2,000 for apprentices aged 16 to 24, and £1,500 for apprentices aged 25 and over. These payments are in addition to the £1,000 employers already receive for hiring an apprentice who is aged 16 to 18 years old (or is under 25 with an education, health and care plan or has been in the care of their local authority).

Employers who take on a new apprentice will receive the incentive payment in two equal instalments, 50% after the apprentice completes three months of their apprenticeship and the remaining 50% after the apprentice completes one year.

To receive the full payment, the apprenticeship must last for at least twelve months.

The payment can be used in any way the employer chooses including, for example, on the apprentice’s salary. However, employers can only apply for the additional payment for new apprentices if they are registered on the government’s digital Apprenticeship Service.

If you are are an employer who is not yet on the Apprenticeship Service, please contact us on: hello@shearsacademy.co.uk and we will be pleased to assist you to register your business.  

The Shears Academy Team