Incentive payment for hiring a new apprentice
The government has introduced an incentive payment for hiring a new apprentice between 1 August 2020 and 31 January 2021.
For apprentices aged 16-24 the payment will be £2,000, and for apprentices aged 25 or over the payment will be £1,500. In addition to the £1,000 the government already provides for 16-18 year-olds.
For more information, read the governments guidance on apprenticeship funding.