Fund title: Traineeship Employer Incentive
Focus of fund/fund aims:
Incentive payments to help employers offer high-quality work placements for young trainees
Employers must make incentive claims for eligible placements by 21 October 2021
The Traineeship Employer Incentive will help employers to offer work placements to young people who are on a traineeship programme.
A traineeship is a programme of learning and training that is designed to help young people to develop the skills and experience needed to secure apprenticeships and other sustainable employment. A traineeship is delivered by a training provider but must include a work placement element with an employer.
In 2020 to 2021, employers can apply for a £1,000 incentive payment per learner for hosting a work placement that lasts for a minimum period of 70 hours delivered between 1 September 2020 and 31 July 2021 as part of a traineeship programme.
The scheme will help businesses with the cost of providing a high-quality work placement for a trainee. This includes providing facilities, uniforms or helping with travel costs. Businesses offering new traineeship opportunities will receive the £1,000 bonus for every trainee they take on, up to a maximum of 10 trainees. Employers can claim the cash incentive for all work placements that have been completed since 1 September 2020.