What funding is available to an employer towards training costs?
Funding varies depending on whether your business is an Apprenticeship Levy Payer – If you are, then you can use your Levy money to fund the Apprenticeship training through your Digital Apprenticeship Service Account (DAS).
If you don’t pay the levy then you may be eligible for full funding or be asked to make a 5% contribution towards the cost of the training. For Standards you will need to reserve funding from The Apprenticeship Service through the Digital Account for further details on how to set this up please see Apprenticeship Levy Section.
The government also has an incentive payment of £1000 that you may be able to access for apprentices aged 16-18 and 19- to 24-year-olds who were in care or have an education and health care plan.
To find out more about the funding available, please visit our Apprenticeship Levy Section or contact us directly on 01254 29500 and we’ll be happy to advise you.
From April 2021 to 30 September 2021, any firm that hires a new apprentice will receive £3000*
These payments will be in addition to the existing £1,000 incentive the government already provides for new 16 to 18 year-old apprentices, and those aged under 25 with an education, health and care plan where that applies.
It means that employers could receive up to £4,000 for hiring 16 to 18 year old apprentices during the six month incentive scheme.