Employer Incentives

Financial Incentives for Hiring Apprentices

Non-levy paying employers with 50 employees or more…

If your pay bill is less than £3 million a year and you employ 50 or more people, the government will pay 95% of the training costs for any new apprentices you take on. 

If you have 49 employees or fewer…

If your pay bill is less than £3 million a year and you employ 49 or fewer people, the government will pay:

100% of the training costs for new 16-18 year-old apprentices 
100% of the training costs for new 19-24 year-old apprentices who are Care Leavers or have an Education, Health and Care Plan
95% of the training costs for all other new apprentices 

Also, you don’t need to pay National Insurance Contributions for apprentices under the age of 25 earning below the higher tax rate of £962 a week (£4,167 a month).

Upskilling Employees

As well as bringing new talent into your business, now more than ever, businesses are looking to regrow following the pandemic. Apprenticeships are a brilliant way to develop the skills of your current employees and train them in new areas, building your talent pool and increasing staff retention. 

At B&FC, we work in partnership with employers to ensure our training services meet your needs, and our programmes provide a highly skilled workforce that delivers a positive return on investment and help support your business objectives.

You will be assigned a dedicated Apprenticeship Training Support Officer who will work with you to identify and fulfil all your training needs. We do the hard work for you – matching the right apprentice to the right role.