Saturday 25th September 2021

HR

Cash boost for apprenticeships

Support for apprenticeships has got even better…

Introducing an apprenticeship scheme into your business can be a win/win situation for all. It can provide extra help within your operation, enable apprentices to gain valuable skills, and help to boost the UK economy overall. Plus, there’s even more good news because the government is really putting money where its mouth is regarding developing young workers.

So what’s the latest story? Employers can now apply for extra funding to support taking on new apprentices. It’s pretty flexible, as government schemes go. You can choose how to spend the money; for example it can cover uniforms and travel costs. And you’ll be glad to know that this is currently additional funding above the funding already available for training and assessing apprentices. 

Of course, the thought of taking someone on without any experience can sound daunting to SMEs, however it can be extremely beneficial. Apprenticeships represent extra pairs of hands arriving in your business in a low risk and cost-effective way. You can tailor your training to the particular needs of your business, and young minds will soak up what you need them to learn.

If you’ve been thinking about taking on an apprentice, now is definitely the time to do it. It’s worth remembering, however, that though these apprenticeship initiatives are intended to help boost the country’s economic recovery, they don’t last forever. So keep an eye on how long the different schemes will be available.

If you’d like to understand more about how an apprenticeship scheme could have a positive impact on your business and support your plans for growth, get in touch with us. We’d be happy to discuss your options and see if this important step could help your business thrive in these challenging times. 

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