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Sunak extends apprenticeship employer incentives
The chancellor Rishi Sunak has extended cash incentives for hiring new apprentices as well as his flagship Kickstart scheme as part of a £500 million jobs support package today in his speech at the Conservative Party Conference.
Bonuses of £3,000 for every apprentice a business hires ended in September, but Sunak has prolonged the scheme by four months until the end of January.
In his speech for the Conservative Party Conference today, Sunak said he is “ready to double-down” on his promise to “do whatever it takes” to recover from the Covid-19 pandemic.
“The job is not done yet and I want to make sure our economy is fit for the future and that means providing the support and skills people need to get into work and get on in life.”
The extensions to his Plan for Jobs schemes, first announced in July 2020, comes shortly after figures revealed how they have struggled to reach the numbers first hoped.
A progress report for the Plan for Jobs was published last month and revealed that “more than 85,000 apprentices have been newly hired under our new incentive payments”.
The Welsh Government have further extended the current Employer Incentive Scheme (EIS) until 28th February 2022. Encouraging and supporting employers to create new apprenticeship and employment opportunities throughout Wales.
There are different incentives available to employers, depending on the learner’s age and hours of employment. There are also incentives for businesses that recruit disabled applicants or apprentices who were made redundant from their previous apprenticeship opportunities.