Apprenticeships are an exciting option for both apprentice and employer. You can employ apprentices at different levels, from school leavers and university graduates, to people who want to further their careers or change career direction completely. You can hire someone new or upskill an existing employee. As an employer, you can get funding from the government to help pay for apprenticeship training.
86% of employers said apprenticeships helped them develop skills relevant to their organisation
74% of employers said apprenticeships helped them improve the quality of their product or service
They’re motivated to learn new skills
78% of employers said apprenticeships helped them improve productivity
You can adapt their training according to the needs of your business
You can expand and upskill your workforce
Employers who hire a new apprentice between 1 August 2020 and 31 January 2021 can claim financial incentives from the government. This is to help businesses and the economy recover from the impact of the coronavirus (COVID-19) pandemic.
You’ll receive a £2,000 grant
You’ll receive a £1,500 grant
This payment is in addition to the exisiting £1000 you'll already get for taking on an apprentice who is;
Aged 16 to 18 years old
Or
Under 25 and has an education, health and care plan or has been in the care of their local authority
Did you know you can use apprenticeships to upskill and retrain your existing workforce? For example, an experienced employee may be keen to get a formal qualification in their specialist area. Or perhaps someone has the aptitude and drive to learn something new and progress into a different role? We deliver apprenticeships from level 2 to level 5, so you’ll be able to find apprenticeships that suit the learning and development needs of your employees. Apprenticeships are designed by employers so they reflect the relevant knowledge, skills and behaviours that your business needs
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As an employer that doesn’t pay the apprenticeship levy, you pay just 5% towards the cost of training and assessing an apprentice. The government will pay the rest up to the funding band maximum.You’ll pay the training provider directly your 5% contribution and agree on a payment schedule.
If you employ fewer than 50 employees, the government will pay 100% of the apprenticeship training costs up to the funding band maximum for apprentices aged: 16 to 18 19 to 24 with an education, health and care plan provided by their local authority or has been in the care of their local authority
As an employer with a pay bill of more than £3 million, you’re required to pay the apprenticeship levy. You can manage funds using the apprenticeship service and spend it on training and assessing your apprentices as and when required by your business.
The government will apply a 10% top up to the funds you have in your account.
If you don’t have enough funds, you just pay 5% of the outstanding balance and the government will pay the rest. This is up to the funding band maximum allocated to each specific apprenticeship.
