The MTC SME Support Service
in partnership with Lloyds Bank
Lloyds Bank has been actively working in partnership with the Manufacturing Technology Centre (MTC) as part of its commitment to supporting the UK manufacturing industry.
The MTC is at the forefront of technological advancements. We have invested more than £36 million in training and facilities over recent years, and central to this is the Lloyds Bank Advanced Manufacturing Training Centre (AMTC).
Established in 2015 within Ansty Business Park, Coventry, the AMTC is a state-of-the-art training centre designed to create a new generation of engineers and technicians who will help the UK realise its potential in advanced manufacturing.
Now, as part of the newly launched MTC SME Support Service in partnership with Lloyds Bank, we are coming together to provide you and your business with access to the brand new SME Apprentice Support Service, which will help your organisation to successfully manage and fulfil your apprenticeship needs.
For eligible employers, our service includes funding assistance for the duration of the apprenticeship, and we may be able to offer additional salary support during your apprentice’s first year.
We are also giving your organisation FREE access to our cutting edge training courses to raise your awareness of new and disruptive technologies.
Government Apprentice Bonus Scheme
As part of our support, we can also help you access the Government’s new apprentice incentive scheme, available until January 2021 with up to £2000 in bonus payments.
The new financial support measures are part of the Chancellor’s Plan for Jobs, launched in response to the COVID-19 pandemic and to aid the recovery of the UK economy. The scheme incentivises employers to create new jobs for young people, encouraging workforce growth and helping to prevent mass unemployment.
For each newly recruited 16 – 24 year-old apprentice, businesses will receive an incentive payment of £2,000, while those taking on apprentices aged 25 and over will receive £1,500.
These payments will be in addition to the existing £1,000 incentive that the Government already provides for new 16 – 18 year-old apprentices.
Click here to find out more about the new scheme.