Budget 2021: What the chancellor announced for FE and skills

March 18, 2021by SBSA

Chancellor Rishi Sunak delivered his spring budget today and confirmed a number of new investments for the FE and skills sector.

They include a doubling of apprentice incentive payments for employers, a further boost to traineeships, and a new “Help to Grow” scheme for small businesses to upskill.

FE Week has the key points:

  1. Cash incentives for employers to hire new apprentices doubled
    Apprenticeship financial incentives were first introduced by Sunak in August and currently offer firms £2,000 to take on apprentices aged 16 to 24, while those that employ new apprentices aged 25 and over are paid £1,500.

read more – https://feweek.co.uk/2021/03/03/budget-2021-what-the-chancellor-announced-for-fe-and-skills/