The AGE 16 to 24 is aimed at helping eligible employers to offer young people employment through the Apprenticeship programme, by providing wage grants to assist them in recruiting their first apprentice.
The National Apprenticeship Service is providing up to 40,000 Apprenticeship Grants to small / medium size employers recruiting 16 to 24 year olds with a value of £1,500, to encourage new employers to take on new 16 to 24 year old apprentices.
Priority will be given to small-medium size employers with less than 50 employees and we expect to support at least 20,000 of these to recruit an apprentice for the first time.
When will AGE 16 to 24 be available?
The AGE 16 to 24 is available from 1 February 2012 until March 2013 for eligible employers who are able to offer a job opportunity to a 16 to 24 year old recruited as an apprentice. Funding will start from 1 April 2012.
You will claim the £1,500 incentive payment so that the employer is able to receive the grant of £750 on completion of week 8 of their Apprenticeship, with the second £750 when the apprentice has completed 12 months of their Apprenticeship.
Should the apprentice leave or be dismissed, a proportion of the grant will be withheld from the employer at the following levels:
- If the apprentice leaves or is dismissed between weeks 1 and 8 the employer will not receive the first payment of £750
- However if at week 8 stage another eligible 16 to 24 year old is recruited as an apprentice within 4 weeks of the dismissal/leave date, no element of the grant will be withheld
- If the apprentice leaves or is dismissed before completion of their Apprenticeship framework the employer will not receive the second payment of £750.
The £1,500 is in addition to the costs of training which for young people aged 16 to 18 are already fully met by the National Apprenticeship Service, with half the costs met for those aged 19 to 24.
The payment is a grant and is exempt from VAT.
Download our Employer Guide to AGE – click here
To find out how Kingston Maurward Business can help your business access this new grant, call the Apprenticeship helpline on 01305 215215