The Department for the Economy’s Apprenticeship Recovery Package, which financially supports local businesses to help the apprenticeship system respond to the impact of the Covid-19 crisis, has been extended with support now available until 31 March 2022.
New Apprenticeship Incentive Scheme
This scheme is open to employers with apprentices participating in the ApprenticeshipsNI programme with up to £3,000 available to employers for each new apprenticeship opportunity created between 1 April 2020 and 31 March 2022.
Participating employers can receive:
Payment 1 – £2,000 after 90 days retention following start of paid apprenticeship.
Payment 2 – £1,000 after 200 days retention following start of new paid apprenticeship.
For further information and to download an application form for the scheme: LINK
Apprenticeship Return, Retain and Result Scheme
The Department for the Economy will provide incentive payments to help you return your apprentice(s) from furlough, retain them in work and for successful completion of their apprenticeship with up to £3,700 available per apprentice.
Return – £500 per returned furloughed apprentice payable for the first full month of paid apprenticeship between 1 November 2020 and 31 March 2022.
Retain – maximum of £2,000 available: £500 per month for up to 4 consecutive months of paid apprenticeship following the “return” month between 1 December 2020 and 31 March 2022.
Result – £1,200 for successful completion of all apprenticeship components by a returned furloughed employee.
For further information and to download an application form for this scheme: LINK
Information provided by Craft Training Ltd.