Recent government incentives for SME employers taking on apprentices — what's available, when it applies, and how to claim.
The government's bonus scheme for hiring apprentices has been periodically extended, with different tranches available depending on the date and the size of the employer. The most recent extension applies to apprentices aged 16–24 and pays the employer a flat sum on completion of a qualifying training period.
For a non-levy SME, these incentives can reduce the already-low cost of an apprentice to near zero in the first year. Worth knowing about even if you've never considered apprenticeships before.
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