New £1,000 funding support for businesses training young workers
The government has announced a new scheme allowing businesses to apply for a £1,000 cash boost to help them take on new trainees.
The government said the new scheme would support young people to gain the skills and experience they need from the very start, helping them to get a job, an apprenticeship, or pursue further study.
The cash boost – which is available until 31 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 with up to a maximum of 10 trainees. Employers can claim the cash incentive for all work placements that have been completed since 1 September.
The programmes last between six weeks and 12 months, and focus on developing vital employability skills, alongside additional English, maths and digital skills, combined with a work placement lasting a minimum of 70 hours.
“My number one priority is to support, protect and create jobs, which is why for the first time ever we’re giving businesses £1,000 to cover the cost of trainee work experience, because we know that traineeships are a proven way to give young people the skills and opportunity, they need to be ready for work,” said Chancellor of the Exchequer Rishi Sunak.
“We also know that our young people will be vital in the national effort to recover from the pandemic, so I urge businesses to seize this opportunity and help us harness the talent of our young people and offer hope for the future.”