The Government’s new traineeship cash boost
The Apprenticeships and Skills Minister, Gillian Keegan, has recently announced that businesses can apply for a £1,000 cash boost to help them employ new trainees. Following on from the Government’s traineeship programme launched in 2013, the new scheme is designed to support young people gain the skills and experience they need to secure a job, apprenticeship, or further study placements. The funds will help businesses with the costs associated with providing high-quality work placements for trainees – such as facilities, travel costs, and uniforms.
Employers can apply for the cash boost up until 31st July 2021 and will receive £1,000 for every trainee taken on, up to a maximum of 10. Businesses can claim the cash incentive for all work placements that have been completed since 1st September 2020.
Recent Government research suggests that 66% of trainees secure a job, an apprenticeship, or pursue further study within 6 months of completing traineeship programmes. This scheme is designed to give thousands more young people the opportunity to gain the skills they need to start a new career as the country recovers from the pandemic.
The Minister for Apprenticeships and Skills, said: “We’re pulling out all the stops to help young people get the skills and confidence they need to progress. This cash boost will help employers of all sizes provide more traineeship opportunities to invest in their workforce so they can rebuild and grow, giving young people a vital route to start their apprenticeship journey, get their first job or go on to further study.”
“I strongly encourage as many employers as possible to apply now and take advantage of this fantastic offer so more young people can gain the skills they need to progress in their careers as we build back better from the pandemic.”