Unlocking Opportunities for SMEs: The Young Apprenticeship Grant in Lancashire

In this episode of the North West Aerospace Alliance News, Emma and Daniel discuss the Young Apprenticeship Grant, a new initiative from Lancashire County Council. This grant offers SMEs in Lancashire a £3,000 financial boost to hire their first apprentice, with 100 grants available through the Economic Recovery and Growth fund. The program targets small and medium enterprises with turnover under £50 million and fewer than 250 employees. Apprentices must be under 25, based in Lancashire, and working in the Advanced Manufacturing or Aerospace sectors. The benefits of hiring an apprentice include developing skilled workers, improving productivity, and customizing training to meet business needs. With 86 percent of employers reporting positive outcomes, this is a valuable opportunity for local businesses. To learn more, contact Paul Hannant at Lancashire Skills Hub.