IMI_Apprentices_300pxDetails on the extra grants announced in the budget for businesses recruiting apprentices have been released.

An extra £170 million is being made available for Apprenticeship Grants for Employers (AGE) in total, half for 2014-2015 and the remainder for the following year.

From January 2015 the grants will also only be available to small businesses with fewer than 50 employees.

Employers who have not had an apprentice in the previous year can apply for the £1,500 grant for up to the first 10 apprentices they take on.

The provision for extra money is designed to ease the transition to the reformed apprenticeship landscape which government is pushing through with the help of industry ‘trailblazers’.

Business Secretary Vince Cable said, “AGE has been very successful in encouraging smaller businesses to take on their first apprentices.

“With the appetite for apprenticeships growing, this new £170 million investment and programme expansion will give a boost to smaller businesses and enable us to meet the higher than anticipated demand for the scheme over the next two years.”

A further £20 million is being divided across the same two years to support the development of degree-level and postgraduate apprenticeships.

The money is designed to part-fund the training of employees with businesses covering the remaining cost.

National Auto Parts name to be dropped

Friction company to be renamed after parent company

Read More

GS Yuasa spend on national TV advertising

Combined brands to be marketed together for the first time

Read More

ECP opens Cirencester branch

New location for national chain in the Cotswolds

Read More

DVSA: ‘Stop using scissor lift immediately’ notice, following collapse

Users of Saturnus range of lifts advised to stop use until a repair kit has been installed

Read More

Optimal changes name to UKS Distribution

Rebrand follows from recent MBO by Geoff Jones

Read More

Go to comments

Your email address will not be published. Required fields are marked *