From this month, employers of young apprentices are set to save thousands of pounds following the Government’s decision to scrap employer National Insurance contributions for apprentices under the age of 25.
The move has been welcomed by the Skills Company, Greater Manchester’s largest Apprenticeship training provider. Jayne Worthington, Managing Director of the Skills Company, which is part of the not-for-profit Manchester Growth Company said:
“This is great news for employers and potential apprentices. It means that a significant employment cost that could have affected an employer’s decision on whether or not to take on apprentices has been removed. Along with the Apprenticeship Grant for Employers which gives a grant of £1500 to Greater Manchester employers with under 250 staff who haven’t employed apprentices in the last 12 months, this represents a substantial package of financial support.”
“Not only will the NI cut make it easier for employers to take on new recruits into Apprenticeships, we hope it will also encourage them to give their existing under 25 staff the opportunity of an Apprenticeship. Many employers are still not aware that existing employees can also benefit from a structured Apprenticeship programme, and the training costs may be covered. If employers have any questions about how they can recruit Apprentices or train their current employers, they can access the instant chat facility on our website.”