Incentives to help companies recruit apprentices in Wales have been extended until February 2022 by the Welsh government.
The Apprenticeship Employer Incentive Scheme has already recruited more than 5,500 new apprentices since August 2020.
The incentives were due to end at the end of September, but will now continue to support businesses until February 28, 2022.
Under the scheme, companies can claim up to Â£ 4,000 for each new apprentice they hire under the age of 25. The Â£ 4,000 incentive will be offered to companies that employ a young apprentice for at least 30 hours per week.
Welsh companies could also receive Â£ 2,000 for each new apprentice under the age of 25 they employ less than 30 hours per week.
For workers aged 25 and over, companies can access Â£ 2,000 for each new apprentice they hire with a contract of 30 hours or more, and a Â£ 1,000 incentive for apprentices working under 30 time.
Payments are limited to ten learners per company. Dedicated funding is also available for the recruitment of people with disabilities.
Economy Minister Vaughan Gething said: âThe Welsh government has provided crucial support to businesses and workers throughout the pandemic and today’s announcement builds more on that.
“We have recognized the particular economic impact of COVID-19 on people under the age of 25 and we are already seeing the positive impact of the employer incentive program for this age group, as well as for others. I want this to continue alongside our ambitious young people Personal Guarantee The Welsh government is determined that there is no generation lost in Wales to the pandemic.
âApprenticeships can help sustain, motivate and diversify a workforce – providing people with the opportunity to acquire high-quality professional skills. They are also essential to our ambitious post-Covid economic recovery plans. C This is why we are committed to creating an additional 125,000 age apprenticeship places over the next five years.
“We are a small country but we have big ambitions, and our aim is to create a culture in Wales where recruiting apprentices becomes the norm for employers.”