Following the Chancellor’s announcement yesterday; Maxine Blake, Head of Industries at Nottingham College, shares how we can help businesses navigate the funding landscape for apprentices, and work placements for young people.
The Chancellor yesterday announced a kickstart scheme to create jobs and employment opportunities for young people. At Nottingham College we welcome this news and fully support any scheme that safeguards the prospects and future prosperity of young people in our city.
We know that young people have been the often-overlooked victims of this pandemic. Many young people have seen jobs disappear, particularly in the hard-hit sectors like hospitality and retail which have traditionally taken on young, part-time workers. It may take some time for these sectors, and others, to fully re-emerge and young people need our help in ensuring they have opportunities available to enable them to play a full part in our economic recovery.
Many businesses need the help of young people to support their re-opening or to help them stabilise following this period of uncertainty and change.
The Government’s announcement yesterday includes funding for businesses who choose to take on apprentices. This is in addition to other funding measures already available to businesses including the job retention scheme and the business loans scheme. Local business grants have also been available.
This latest opportunity sees businesses able to access incentives for hiring young apprentices. From August to January, any firm that hires a new young apprentice aged 16 to 24 will receive £2,000, while those that hire new apprentices aged 25 and over will be paid £1,500. Other grants are also available for local businesses and SMEs too.
Find out more
If you are a business who would like to find out about this new government initiative in more detail, or perhaps would like some advice about how to navigate the funding landscape for apprentices and work placements for young people, we can help.
Please get in touch with our apprenticeships and business engagement team here at Nottingham College for a no-obligation chat via email@example.com
You can also complete our free Organisational Needs Analysis Survey which can help us tailor our support to your individual business needs.