Saturday, June 15, 2024
HomeNEWSBoost for small business on apprentices

Boost for small business on apprentices

The government has made what the Federation of Small Business (FSB) describes as a “key concession” on apprenticeship funding. Ministers have proposed that firms with fewer than 50 employees which take on 16-18-year-old apprentices will not be required to make any financial contribution towards the cost of training. Businesses which take on younger apprentices will also benefit from a cash incentive of £1000 per apprentice.

The FSB has done research into how vital this concession will be for small firms and for the government in achieving its target of reaching three million apprenticeships by 2020.…

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