SDB Accountancy Services providing financial services to Start ups, Sole Traders, Partnerships and Limited Companies.
SDB Accountancy Services providing financial services throughout the North East of England.
Servicing Business within \nthe North East for 10 years
Get in touch  0191 2766792
info@sdbaccountants.co.uk

Apprenticeship incentive and Youth Contract.

Friday, 20 April 2012
Incentives are still available to take on Apprentices.

Apprenticeship incentive.

£1500 is available to employers recruiting a 16-24 year old as an apprentice working a minimum of 30 hours per week. The funding can be accessed for up to a maximum of 3 people.

Payment is made in 2 phases £750 at week 8 and £750 at month 12.The £1500 is in addition to the apprenticeship training costs which are met in full for young people aged 16-18 and 50% for those aged 19-24.

This incentive is focused on employers which have not taken on an apprentice in the last three years. Further information is available at www.apprenticeships.org.uk.

Youth Contract. 

This relates to a wage incentive and is available for employment from 16 hours or more per week. There is a part-time rate of £1137.50 between 16 and 29 hours and a full-time rate of £2275.00 for 30 hours or more. The job still has to be a sustained job that is expected to last for at least 26 weeks.

The incentive is paid to employers recruiting anyone aged 18-24 from   the Work Programme. Further information is available at http://dwp.gov.uk/youth-contract

Note: Employers are not eligible to claim the Apprenticeship and Youth Contract incentives together.   

SDB Accountancy Services • Tel: 0191 2766 792  • Mob: 07596854430 • Email:
SDB Accountancy Services is a member of The 2020 Membership Group which is the leading membership organisation for helping progressive accountants and tax professionals throughout Europe, North America, Africa and Australasia.
SDB Accountancy Services is a member of The Institute of Financial Accountants
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