The Government’s $380.6m Apprenticeship Boost fund which commenced on 1 August 2020, is designed to help employers to retain and bring on new apprentices as the economy recovers from the impacts of COVID-19.
Key details of the fund include:
- Employers of first and second year apprentices who are in a Tertiary Education Commission approved New Zealand Apprenticeship or a Managed Apprenticeship will be able to apply for Apprenticeship Boost. This includes all Careerforce apprenticeship programmes.
- Employers can apply for Apprenticeship Boost whether an apprentice has just started their training programme or is within their first two years.
- Apprenticeship Boost is available from August 2020 and will run for 20 months until April 2022.
- Employers, with an apprentice who is in the first year of their apprenticeship will be eligible for $1,000 per month, and for an apprentice in their second year, will be eligible for $500 per month for a maximum period of 20 months. Employers can receive up to a maximum of $16,000 for each apprentice they employ.
- State sector employers are not eligible, nor can you claim Apprenticeship Boost payments if you are already receiving another wage subsidy from MSD, or any payments from MBIE for any particular apprentice.
How to apply
If you have eligible apprentices within your business, you need to apply for the Apprenticeship Boost fund through the Ministry of Social Development. For more details on the Apprenticeship Boost fund, including how to apply, go here.
Please refer to the following information relating to the Code of Good Practice for NZ Apprenticeships and expectations around literacy and numeracy:
Last updated 3 August 2020