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19 Oct 2021

This is the £200 threshold that determines the response by the police, and theft below this level does not always merit a police visit and offenders can plead guilty by post.

19 Oct 2021

The FCA have recently announced significant increases in their base ratefees that will have an unfavourable effect, particularly on smaller independent retailers.

18 Oct 2021

Cycling Industry News has announced the launch of its 2022 Market Data drive and once again invites UK-based independent bike retailers to participate.

18 Oct 2021

#BikeIsBest,the cycle industry campaign supported by leading brands, retailers, organisations and cycling advocacy groups, has launched its latest campaign: When more people cycle,...

18 Oct 2021

The All Party Parliamentary Group for Cycling & Walking (APPGCW) have an upcoming meeting on Monday the 18th October focussing on initiatives to promote walking

14 Oct 2021

Originally due to end on 31 December 2021, it has since been announced (4th October 2021) that the scheme has been extended until March 2022.

13 Oct 2021

Cytech continues to be in record-breaking demand as it now sees the highest ever number of technicians certified within one month in September 2021 - with over 115 in the UK alone!

13 Oct 2021

According to UK Finance, 'The new £100 limit is designed to balance security, convenience and consumer demand."

11 Oct 2021

With current incentives andfunding grants in place employers taking on new apprentices could receive up to £4,000 per apprentice.

11 Oct 2021

Your Business Journey to Net Zero, is a series of locally focused virtual events, designed to help small businesses who want to play theirpart in climate change, but don't know where is best...

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Government cash incentives doubled for employers to hire new apprentices

Posted on in Business News , Cycles News

In addition to pre-existing incentives in place the government has introduced new funding grants during the pandemic for employers taking on new apprentices, meaning that they could now receive up to £4,000 per apprentice.

The additional apprenticeship financial incentives were first announced by Sunak back in July 2020 and currently offer firms £2,000 to take on apprentices aged 16 to 24, while those that employ new apprentices aged 25 and over can receive £1,500. These bonuses were initially set to end this month.

However, during the recent Budget at the beginning of March Sunak announced an extension and increase to these incentives, so that from 1st April 2021 until 30th September 2021 employers who take on a new apprentice of any age will receive an incentive payment of £3,000, superseding the current incentives.

This is in addition to the pre-existing £1,000 payment already provided for new apprentices aged 16 to 18 and those under 25 with an Education, Health and Care Plan, meaning that some employers could receive £4,000 in total and on top of having the majority of training funded by the government, meaning it has never been a better time to employ an apprentice.

 

Bike shops able to benefit from cash boost and skilled new employees

The extended and increased payments will have the potential to be both transformational for young people and employers alike.

Alongside a much-needed cash boost for bike shops and businesses, the scheme encourages employers to grow their own talent, creating some amazing opportunities for people to start a rewarding career within the cycling industry.

Activate Cycle Academy (ACA) deliver an 18-month apprenticeship in Bicycle Mechanics and is the only training provider to offer Cytech training as part of an apprenticeship. Cytech, managed by the ACT, is the internationally recognised training and accreditation scheme for bicycle technicians.

Cytech courses 

Cytech is at the heart of the training to ensure that all apprentices gain industry recognised qualifications when completing their apprenticeship. It includes the online Cytech Theory One and the Technical two and Technical three qualifications, as well as topics such as e-bikes, business studies, customer service and advanced selling skills resulting in a very experienced and highly skilled apprentice on completion of their training.

If you're considering hiring a new member of staff for your business and looking to give them the skill set they need to thrive, then a Cytech based Apprenticeship could be just the solution.

Employers interested in taking on a cycle mechanic apprentice or would like to learn more about the recent Government funding incentive details, should contact ACA on 01865 550 324 or email cycles@activatelearning.ac.uk.

 

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