Employers are now able to claim the £1000 promised by the government for a completed trainee work placement. This has been confirmed by The Department for Education who have stated the claim can be made for any work placements started and completed between September 2020 and July 2021.
The programme, which was first announced in July 2020 in chancellor Rishi Sunak’s Plan for Jobs as part of the £111 Million fund injection into the traineeship programme, is designed to help businesses cover the cost of providing work placements. This support of the traineeship programme is in the hope to develop more young people with valuable skills and the confidence they need to excel in the working life.
£1000 will be received for every trainee taken on by an eligible employer up to a maximum of 10 trainees. This cash incentive can be claimed for all work placements completed back to the 1st September 2020.
This scheme works in addition to the KickStart scheme announced last year, which offers employers £2,000 for each new apprentice they hire aged under 25, and £1,500 for apprentice aged 25 and over until the end of March 2021.
For more details and to apply for the Trainee Employer Incentive Scheme visit the gov.uk website.