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Budget sees apprenticeships flagged up once again

The Chancellor of the Exchequer, Rishi Sunak, once again put apprenticeships high on the Government's priority list in today’s Budget.

The flagship announcement to support a “high skill, higher productivity economy” was the pre-announced news that the £3,000 apprentice hiring incentive for employers had been extended until January 2022. The government will continue to cover 95% of apprenticeship training costs for employers who do not pay the apprenticeship levy.

The Chancellor also announced that the national minimum wage for apprentices will increase next April from £4.30 to £4.81 per hour. The 51p increase equates to an 11.9 per cent rise and is in line with a recommendation from the Low Pay Commission. It will take effect from April 1, 2022.

If you would like advice on how apprenticeships could support your business and what the financial incentives mean please get in touch with us.

Swatpro Academy specialises in apprenticeships and job training for the Hospitality and Catering industry, Business Skills Sector, Engineering, and digital roles both within the traditional Digital Sector and with employers who would like in-house IT support.

Budget sees apprenticeships  flagged up once again