Graham Hambly explains how a new initiative could help kickstart a young person’s career with a traineeship.
Employers can now apply for a £1,000 cash boost to help them take on new trainees, the government has announced.
The new Traineeship Programme will support young people in gaining the skills and experience they need as they set out, helping them to get a job, an apprenticeship or pursue further study.
The cash boost – which is available until 31 July 2021 – will help businesses with the cost of providing a high-quality work placement for a trainee. This includes providing facilities, uniforms or helping with travel costs. Businesses offering new traineeship opportunities will receive the £1,000 bonus for every trainee they take on with up to a maximum of 10 trainees. Employers can claim the cash incentive for all work placements that have been completed since 1 September.
Recent figures show that 66% of trainees get a job, take up an apprenticeship or go on to further study within six months of completing their programme.
The programmes last between six weeks and 12 months, and focus on developing vital employability skills, alongside additional English, maths and digital skills, combined with a work placement lasting a minimum of 70 hours. Young people have completed work placements in a range of industries including construction, education and health and social care.
Gillian Keegan, Minister for Apprenticeships and Skills, said: “We’re pulling out all the stops to help young people get the skills and confidence they need to progress. This cash boost will help employers of all sizes provide more traineeship opportunities, to invest in their workforce so they can rebuild and grow, giving young people a vital route to start their apprenticeship journey, get their first job or go on to further study.”
This new cash boost is in addition to the apprentice scheme announced in 2020, which offers employers £2,000 for each new apprentice hired aged under 25, and £1,500 for apprentice aged 25 and over. This includes taking on an apprentice who had previously been made redundant.
You can find the Traineeship employer incentive registration form at https://tinyurl.com/14r9kvol
• Graham Hambly is the Editor of PQ magazine, the UK’s leading publication for accountancy students. See www.pqmagazine.com.