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During the Summer Statements, Rishi Sunak announced from August 2020 to January 2021, any firm that hires a new young apprentice aged 16 to 24 will receive £2,000, while those that hire new apprentices aged 25 and over will be paid £1,500.

These payments will be additional to the existing £1,000 incentive that the government already provides.

If you would like to discuss this further or have any questions, please contact Megan via email at m.morrish@mphaccountants.co.uk

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