News

New funding boost for young people

The government has announced a new £1,000 cash bonus to encourage employers to take on new trainees. The traineeship scheme supports young people to gain the skills and experience they need from the very start, helping them to get a job, an apprenticeship, or pursue further study. 

The traineeship programme has helped nearly 120,000 young people since 2013. A traineeship can last from 6 weeks up to 1 year, though most traineeships last for less than 6 months.

Businesses offering new traineeship opportunities will receive the £1,000 bonus for every trainee they take on, with up to a maximum of ten trainees. The application process opened on 27 January 2021, but employers can claim cash incentive for all work placements that have been completed since 1 September 2020. The cash boost is available until 31 July 2021.

The financial support is intended to help businesses with the cost of providing a work placement for a trainee. This includes providing facilities, uniforms or help with travel costs.

Chancellor Rishi Sunak said:

'My number one priority is to support, protect and create jobs, which is why for the first time ever we’re giving businesses £1,000 to cover the cost of trainee work experience, because we know that traineeships are a proven way to give young people the skills and opportunity, they need to be ready for work.'

Source: Department for Education Wed, 03 Feb 2021 00:00:00 +0100

Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

> SIGN UP FOR THE NEWSLETTER
> LOGIN

Some accountancy websites also provide pages and pages of tax information, helpsheets, etc. We prefer to give clients personally tailored advice. So, if you want details of tax rates and allowances just go to the HMRC website on which you should find what you’re looking for. If you need more individual advice please contact us.

Below are links to websites you may find of interest, but as we like to support our local community and clients, we have included links to websites that may be of interest:

HMRC
FT
BBC
VEALE WASBROUGH VIZARDS
CESP
PRACTICE INDEX
SIMCOMM ACADEMY

More Local:
FOOTPLATE EXPERIENCE
ANGLEBURY PRESS
OFFCAMBER.CO.UK