1. Get a grant
You may get a £1,500 apprenticeship grant if:
- you have less than 50 employees
- your apprentice is aged 16 to 24
You can claim support for up to 5 apprentices. To check you’re eligible and to apply speak to your chosen apprenticeship training provider or fill in the enquiry form to contact the National Apprenticeship Service .
2. Apprenticeship Levy
The apprenticeship levy will come into effect in May 2017, at a rate of 0.5% of an employer’s pay bill. A £15,000 allowance for employers will mean that the levy will only be paid on employers’ pay bills over £3 million.
Less than 2% of UK employers will pay the levy. Each employer will receive an allowance of £15,000 to offset against their levy payment and will be introduced in April 2017.
3. Funding for training
You can apply for funding to cover the costs of your apprentice’s qualification if you’re providing their formal study as well as being their employer.
Usually the training organisation provides the apprentice’s training and will get this funding – contact the National Apprenticeship Service for more information.
The amount you could get varies depending on whether the candidate is:
- aged 16 to 18 – you can get all of their course costs up to advanced level apprenticeship qualifications, eg higher diplomas or A-levels
- aged 19 to 23 – you can get half of their course costs
- 24 years and older – you may only get a contribution
National Apprenticeship Service
Telephone: 0800 015 0600