New workplace incentive brings boost to New College students and local employers16 Jul 2020
After a difficult few months for both local businesses and students, a Government announcement of new workplace incentives has been welcomed by New College Swindon.
From August 1st, the Government will introduce a payment of £2,000 to employers in England for each new apprentice they hire aged under 25, and a £1,500 payment for each new apprentice they hire aged 25+.
These payments will be in addition to the existing £1,000 payment the Government already provides for new 16-18 year-old apprentices and those aged under 25 with an Education, Health and Care Plan.
Employers will also be given funding to help support in offering industry placements for students. These placements are available to students undertaking Level 3 courses from September onwards, usually lasting for a minimum of 45 days or 315 hours, spread across 1 or 2 days a week. There will be no cost to employers for this, with up to £750 of funding to help towards costs such as uniform, equipment and security screening.
As part of the Government’s new Kick-Start scheme, students aged 16-24 who are on Universal Credit, or deemed to be at risk of long-term unemployment, are also being given the opportunity to start six month work placements. The Government will pay the relevant national minimum wage for at least 25 hours a week for the duration of the placement.
There are also plans to expand eligibility for Traineeships to students with Level 3 qualifications and below, to ensure that more young people have access to high quality training. Employers who provide trainees with work experience will be given funding of £1,000 per trainee.
Chris Baish, Vice Principal – Business Development and Employer Engagement at New College said:
"At New College, our focus is on supporting young people wherever we can with their education and skills development, so that they can reach their preferred destination. We're incredibly aware that the current pandemic has left many of them uncertain about their futures. We're delighted that the Government is supporting those aged 16-24 to access important Apprenticeships and training schemes. The first thing is for us to work with employers to ensure that we can develop provision for young people that will lead to permanent and sustainable careers for them in roles that match the needs of the employer."