MJB Avanti Ask – Could Your Next New Hire Be Worth A £1000 Boost?

Employers can now apply for a £1000 cash boost to help them take on new trainees.

The new scheme will support young people to gain the skills and experience they need from the very start, 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.

What is on offer?

The programmes last between 6 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 exciting industries including construction, education and health and social care.

The launch of the incentive scheme follows the announcement in July 2020 by the Chancellor, as part of his Plan for Jobs, of which an additional £111 million investment, to support the largest-ever expansion of traineeships so more young people have the skills and confidence they need to get on in life.

Apprentice scheme

This new cash boost is in addition to the apprentice scheme announced last year, which offers employers £2,000 for each new apprentice they hire aged under 25, and £1,500 for apprentice aged 25 and over. This includes taking on an apprentice who has been made redundant. More than 10,000 employers have already taken up the offer, which is available until March 2021.

Do you need help with your payroll compliance?

Running payroll can be a time-consuming burden, did you know MJB Avanti offer a comprehensive payroll service? MJB Avanti can streamline your processes, minimising your costs and increasing the time you have to work on your business. If you currently run your own payroll, ask yourself what it is costing you each month, and give us a call to see how you can benefit from our payroll services.