Incentives for Businesses to Recruit Apprentices Extended
The Welsh Government is further extending incentives to support businesses in recruiting apprentices in Wales until February 2022.
The Apprenticeship Employer Incentive Scheme is a key part of Welsh Government’s Covid Commitment to support businesses and workers in recovering from the impacts of coronavirus.
The incentives have already seen more than 5,500 new apprentices recruited since August 2020.
The incentives had been due to close yesterday (30th September 2021), but will now continue to support businesses until 28th February 2022.
Under the scheme businesses are able to claim up to £4,000 for each new apprentice they hire under the age of 25.
The £4,000 incentive will be available to businesses that are employing a young apprentice for at least 30 hours per week.
Welsh businesses could also receive £2,000 for each new under 25 year old apprentice they employ for less than 30 hours a week.
For workers aged 25 and over, businesses can access £2,000 for each new apprentice they hire on a 30 hour or more contract, and a £1,000 incentive for apprentices working less than 30 hours.
Payments are restricted to ten learners per business. Dedicated funding is also available to recruit disabled people.
A total of £18.7m was allocated to support the scheme in 2021-22.
Economy Minister Vaughan Gething said: