Central Coast Mortgage Brokers

Kickstart Apprentice Program Incentives

Fast forward your apprentice hiring decision, receive 4 weeks wages free and pick up some talented young people as the economy recovers.

Small businesses in the building and construction industries have until February 28 to take advantage of the federal government’s Kickstart apprentice program, which rewards employers with an additional $3,350 for taking on a new apprentice.

The Kickstart apprentice program, which launched in December, is an employer incentive designed to increase the number of Australian apprenticeship commencements in the building and construction industries.

The $57.5 million program, aimed at SMEs and eligible group training organisations, is designed to create up to 21,000 extra apprenticeships in the construction industry.apprentice kickstart program

It triples the incentive paid to employers in the first year who take on a new apprentice between December 1 and February 28.

This is in addition to the $1,500 commencement payment for eligible employers.

Just two weeks after its launch, almost 500 potential apprentices had registered for the program.

Evans said in a statement Kickstart is delivering a “great boost” for the building and construction sector, and will create new opportunities for thousands of young people.

“This is the perfect opportunity for school leavers in particular to get a head start on a successful and rewarding career in the industry,” Evans said.

Meanwhile, as part of the 2012 federal budget, the government announced the Training Support Post Apprenticeship initiative.

Almost $20 million will be spent over four years to provide business and finance training to newly-qualified tradespeople in order to help them start their own businesses.

The $19.4 million boost builds on the $3 billion invested over six years in last year’s budget, through the Building Australia’s Future Workforce package.

Grants of up to $5,000 will be available for 500 people in 2012-13, and then 1,000 people each year from 2013-14.

People can apply for a grant within two years of completing a trade-related apprenticeship. According to Minister for Skills, Chris Evans, the new funding will ensure more tradespeople – early on in their careers – get the skills they need to run their own businesses.

For more information on the Federal Governments apprentice Kickstart program recently announced changes to investment in the Australian Apprenticeships system, you can visit their website – Australian Apprenticeships.

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