The Government’s AGE 16 to 24 grant is an incentive for businesses to take on an apprentice aged 16 to 24. Businesses can claim up to 10 grants of £1,500 for apprentices starting by 31 December 2014.
Under existing rules the AGE 16 to 24 grant currently targets employers with less than 1,000 employees, who are new to Apprenticeships or who have not enrolled a new recruit or existing employee on an apprenticeship programme in the previous 12 months.
From 1 January 2015 the eligibility criteria is changing and the grant will only be available to those businesses with fewer than 50 employees. In addition, businesses will only be able to claim up to 5 grants (instead of up to 10).