ACT FAST TO ACCESS £2,000 APPRENTICESHIP INCENTIVE, URGES THE SOURCE

apprenticeship incentive

Businesses have just two months to access up to £2,000 to help with the cost of taking on a new apprentice. The government apprenticeship incentive was launched in Chancellor Rishi Sunak’s Summer Statement to help education-leavers in the pandemic. It was due to end in January but has now been extended until March 31. The incentive pays £2,000 per apprentice aged 16-24, or £1,500 for the 25s and over. The sum doesn’t have to be paid back and is extra to a £1,000 apprenticeship grant employers receive. The Source Skills Academy, a training specialist with not-for-profit charitable status, is pulling out the stops to get apprenticeships over the line before the deadline. “Since the spring lockdown, we have placed over 100 apprentices with local businesses who needed to expand.

Many said the £2,000 incentive meant they could go ahead and offer a young person a new start,” said Kerry Cook, business development officer. “Our team helps employers access the grants and sources quality candidates for them.

We have a talent pool of candidates trained and apprenticeship-ready.”Paid in two instalments - 50% 90 days into the apprenticeship and 50% after 365 days - the grant can be spent on anything to support the costs of taking on an apprentice - from uniforms to salary and travel. Contact Kerry Cook at The Source on 07584 391445 or kerry.cook@thesourceacademy.co.uk


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