Government apprentice funding is available to help all businesses who employ apprentices.
The recruitment of all new apprentices will be required to go through the Apprenticeship Service System whether you are a Levy Payer or a Non-Levy Payer. Through your Apprenticeship Service account you will be able to manage a range of services such as managing apprenticeship funding, advertising vacancies and reserving funding for all apprentices.
Our Business Support Team can support you in setting up your account, but you will need to do the initial registration and input your PAYE information. When you are setting up your account, you can give us permission to add details but you would still need to approve anything that we amend on your account.
You are required to pay 5% towards the cost of training and assessing apprentices aged 19 or over.
You are required to pay 5% towards the cost of training and assessing all apprentices.
You will pay 0.5% of your annual wage bill into your Apprenticeship Levy account, this can only be spent on apprenticeship training.
Regardless of company size and turnover, you will receive a £1,000 incentive for recruiting a 16-18 year old or a 19-25 year old with an Education, Health and Care (EHC) plan, or has been in the care of their local authority.
You can spend the incentive on any costs associated with training an apprentice in the workplace. For example, on uniform, your apprentices travel or their salary. The incentive payments are paid in two instalments; the first payment of £500 will be made after 90days of the apprenticeship training start date, and the final payment of £500 will be paid after 365 days of the apprenticeship start date.