DfE announces Apprenticeship Recovery Package
The Department for the Economy has today announced details of its Apprenticeship Recovery Package.
- Employers will be offered £3,700 for every apprentice that they bring back from furlough and retain until they have completed their apprenticeship
- The scheme will begin on 1 November 2020, when the UK wide Coronavirus Job Retention Scheme ends
- Support will take the form of a £500 return payment followed by up to £2,000 for an employer who retains their apprentice for four months following their return from furlough
- A final result payment of £1,200 will be made when the apprentice completes their qualification
- The Minister has also allocated a total of £12.5million to fund an Apprenticeship Recruitment Incentive initiative to encourage and support employers to create apprenticeship opportunities for both new apprentices and apprentices who have been made redundant. This scheme offers support of £3,000, to employers, for each new apprenticeship opportunity created between 1 April 2020 and 31 March 2021
- This will apply to all new apprenticeship opportunities created in this period, and the payment will apply equally to employers of all sizes and in all sectors right across Northern Ireland
- Finally, the Department will also be launching an Apprenticeship Challenge Fund in late September. This fund will support innovative approaches and new collaborations to increase apprenticeship opportunities in Northern Ireland. Successful applicants could receive one off awards of up to £50,000
Further detail on the practilalities of the above will be forthcoming and this will be communicated to members in due course.