The National Apprenticeship Service (NAS) will provide Grants to eligible employers for recruiting an apprentice aged 16-24.
The Apprenticeship grant for employers of 16 to 24 year olds aims to support businesses to grow by providing incentives to assist in offering young people employment through the Apprenticeship programme. The National Apprenticeship Service will provide up to 40,000 Apprenticeship grants to employers with up to 50 employees recruiting 16 to 24 year olds with a value of £1,500 to encourage employers to take on new apprentices.
The Apprenticeship grant of £1,500 is payable for up to 40,000 eligible employers who commit to employ one or more 16 to 24 year old apprentices (to a maximum of 5 payments). The payment is a grant and is exempt from VAT.
The Grant is to support employers with up to 50 employees and we expect to support up to 40,000 of these employers to recruit an apprentice. Eligible employers are those who have never employed an apprentice or have not done so in the last 12 months.
Employers will sign an agreement which will include:
*12 months is calculated from the ILR start date of the new apprentice. The employer is not eligible if they have started an apprentice within that 12 month period.