07 Oct 2021
The chancellor Rishi Sunak has extended cash incentives for hiring new apprentices alongside his Kickstart scheme as part of a £500 million jobs support package.
The £3,000 cash incentive for every apprentice a business hires ended in September but employers will now have an extension until January 2022. The Kickstart scheme which subsidises job placements for young people 16-24 years old claiming universal credit will now be extended until March 2022.
At the Conservative Party Conference on the 4th October the Chancellor confirmed he was “ready to double-down” on his promise to do whatever it takes to recover from the 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 cash incentives were first introduced by the Chancellor in August 2020 and offered businesses £2,000 to take on apprentices aged 16 -24, while those that employ new apprentices aged 25 and over are paid £1,500. This was then increased to £3,000 for all apprentices in February.
The Kickstart scheme launched in September 2020 with £2 billion set aside to create 250,000 jobs by the end of 2021.
The government has said as part of this new Kickstart extension, that they will continue to accept applications from employers and providers until 17th December 2021. The specific funding for each extension announced will be confirmed at the Spending Review later this month.