The good news is that you can get assistance from the government. The funding can help you pay for apprenticeship training and assessment or you can get an apprentice incentive payment which you can use to support your business.
Apprenticeship training and assessment
For training and assessment, the amount of funding you receive depends on whether you pay for the apprenticeship levy. You should be paying the levy if you’re an employer with a pay bill of over £3m a year.
If you do not pay the levy, you will contribute five per cent towards the training costs of your apprentice. You’ll need to agree a payment schedule with your training provider – and you’ll be paying them directly for the training.
The government will pay 95 per cent up to the funding band maximum. They will also pay directly to the training provider. You may be eligible for additional funding depending on you and your apprentice’s circumstances.
If you do pay the apprenticeship levy, you’ll receive funds to train and assess your apprentices, with the government paying ten per cent. The way you get your funding and training will depend on which part of the UK you’re in. Click on the appropriate link for apprenticeship info in:
You can also claim an incentive payment for new apprentices who join your organisation. Claim £3,000 for apprentices who start between April 1 2021 and September 30 2021. The closing date for applications is November 30 2021. The money can be used on anything that supports your business costs and it doesn’t need to be paid back.
The incentive payment is in addition to the £1,000 you’ll receive for taking on an apprentice who is 16-18 years old or under 25 with an education, health and care plan or who has been in the care of their local authority. Note that you can only get the full payment if the apprenticeship lasts for at least one year.
How do I keep track?
For more help, you can fill out an enquiry form from the national apprenticeship service for more information. You can also get more information or use the webchat service on the apprenticeship service employer support site.
Do I have any other options for apprenticeship grants?
Hiring an apprentice: The benefits for a small company