Businesses to get £3,000 for every apprentice they take on
Ministers hope increased bonus will entice businesses to recruit more young people for in-work training, boosting recovery
1 June 2021 • 6:00am
Rishi Sunak said the plan was needed because 'young people have been hit especially hard' by the Covid crisis
Credit: Peter Summers/Getty Images Europe
Rishi Sunak will give businesses £3,000 for each apprentice they take on from Tuesday, as ministers try to lure young people away from university in an attempt to boost the UK's post-Covid recovery.
Firms that have taken on any apprentices since April 1 will be able to claim back the incentive from the Treasury. Ministers hope the increased bonus will entice businesses to take on more young people for in-work training, helping the labour market recover from a year of redundancies and furlough.