New Funds for Businesses Creating Work Placements for Young People

Employers in England are being invited to apply for a new cash incentive to help them take on new trainees. The Traineeship Employer Incentive will support young people to gain the skills and experience they need, helping them to get a job, an apprenticeship, or pursue further study.

A traineeship is a skills development programme that includes a work placement. It can last from six weeks up to one year, although most run for less than six months. They focus on developing employability skills, alongside additional English, maths and digital skills, combined with a work placement lasting a minimum of 70 hours.

This scheme will help businesses with the cost of delivering high-quality trainee work placements. 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, up to a maximum of 10 trainees. Employers can claim the cash incentive for all work placements that have been completed since 1 September.

Chancellor Rishi Sunak said:

‘My number one priority is to support, protect and create jobs, which is why for the first time ever we’re giving businesses £1,000 to cover the cost of trainee work experience, because we know that traineeships are a proven way to give young people the skills and opportunity, they need to be ready for work.’

Applications are open now and the scheme is available until 31 July 2021.

GRANTfinder provides up-to-the minute content, insight and analysis on funding news and policy. To find out more about how GRANTfinder can keep you in the know, and subscription fees, contact us today.