The Chancellor extends the ‘new apprentice scheme’ incentives

DBC Training

In late July this year, I started working for a training provider called DBC Training facilitating government funded apprenticeships across a wide range of sectors mainly in the Midlands. I now see the importance of apprenticeships and wanted to explain the current situation and fantastic opportunity that the government currently have in place.

The government recognise the positive impact of apprenticeships. This has been demonstrated on a macro level through the ‘new apprentice scheme’ which was implemented July 2020 in response to the pandemic. This scheme meant any company who hired a new apprentice received a £3000 grant from the government.

This incentive was intended to end 30 September 2021. However, the scheme has now been extended till 31 January 2022. You can also qualify for the incentive if you upskill someone already at the company onto an apprenticeship who started the company after 1 April 2021 and before 30 September, but this side of the incentive runs out 30 November 2021.

The Chancellor, Rishi Sunak, said, “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.”

This direct quote  from the Chancellor highlights how important apprenticeships are to the UK’s economic recovery.

I would encourage any company who feels like their staff could use personal development or are interested in getting a less experienced staff member to find out more about the opportunity.