Government to Give Businesses £1,000 for Every Trainee Taken on
Chancellor Rishi Sunak is expected to reveal a £121m pledged to encourage businesses to take on trainees
On Wednesday 8th July, Chancellor Rishi Sunak is expected to announce a pledge to provide 30,000 new traineeships in England through a £121m initiative scheme.
As the economic repercussions of Covid-19 make themselves known, the government is offering businesses a £1,000 bonus for each trainee they take on.
This is an attempt by the government to mitigate one effect of an economic downturn – a severe shortage of jobs and opportunities, particularly for 16 to 24 year olds.
Businesses can sign up to the traineeship scheme by contacting the National Apprenticeship Service, or they can choose to get in touch with a local traineeship provider.
Either way, they must be prepared to offer the following:
If you don’t know whether hiring a trainee is the right move for your business, it’s worth noting that there are benefits for you too.
For example hiring a trainee gives your other employees a chance to gain experience in mentoring and management.
You could even use the traineeship as an opportunity to clear an objective you’ve had on the back burner.
The employment rate is set to plummet, but offering your trainee further training in the form of an apprenticeship can help you to build a strong, loyal workforce for the future.