Financial support for employers offering apprenticeships is being extended to larger companies.
Announcing the change at the Isle of Man Government Conference, Chief Minister Alf Cannan, said: “We currently have more employers than ever before offering apprenticeships, with a great deal of choice for young people.
“But we also recognise that some larger employers have pulled back from apprenticeships. We want to change that, and we are today committing to removing the cap on apprenticeships for large employers.
“This will mean that any qualifying business prepared to take on an apprentice will receive support going forward.”
Apprenticeship Funding
Eligible employers can receive up to £60 per week during the period of training as a contribution towards the cost of in-work learning.
Education Minister Daphne Caine added: “The cap on incentive payments is being lifted and will be reintroduced for employers with 10 or more employees, with support backdated to April 2025.
“Apprenticeships are a vital way to build a skilled workforce and support local businesses, which is why DESC continues to fund the full cost of training and assessment for the duration of an approved apprenticeship — typically two to three years. This funding remains available to all employers, regardless of their size.”
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