14/02/2012
Apprenticeship Grant for Employers of Recruiting 16 to 24 year olds
Apprenticeship Grant for Employers of Recruiting 16 to 24 year olds
The National Apprenticeship Service will provide up to 40,000 Apprenticeship grants to small/medium sized employers recruiting 16 to 24 year olds with a value of £1,500 to encourage new employers to take on new apprentices.
A new Apprenticeship grant of £1,500 is payable in two instalments, for up to 40,000 eligible employers who commit to employ one or more 16 to 24 year old apprentices for the first time. Employers will receive two prompt payments—£750 when the apprentice reaches week 8 of their Apprenticeship programme with a further £750 paid at month 12 of their Apprenticeship programme.
The payment is a grant and is exempt from VAT.
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