Employers hiring apprentices between 1 April and 30 September 2021 will receive from the government £3,000 each, regardless of age.
An additional £1,000 will be paid for those aged 16 to 18 and those under 25 with an Education, Health and Care Plan - meaning employers of these apprentices during the same time period will receive £4,000 each in total.
- What's an apprenticeship?
- Why hire an apprentice?
- Creating a GOV.UK account to manage apprenticeship funding
- Why B&FC
- Pre-apprenticeships: what they are, and why they're important
- How will you benefit?
- Who makes a great apprentice?
- How do apprenticeships work?
- What do you need to pay?
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What's an apprenticeship?
An apprenticeship is a genuine job with an accompanying assessment and skills development programme.
It is a way for individuals to earn while they learn, gaining valuable skills and knowledge in a specific job role.
Why hire an apprentice?
Hiring an apprentice is a productive and effective way for you to grow talent and develop a motivated, skilled and qualified workforce.
Recent government reforms to the way apprenticeships are delivered and funded have created a wider range of high quality apprenticeships, more aligned to employers’ needs.
If your pay bill tops £3 million…
If you’re an employer with a pay bill of over £3 million a year, you automatically pay the apprenticeship levy. Levy funds receive a monthly 10% government top up and cover the costs of your apprenticeship training.
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).
Creating a GOV.UK account to manage apprenticeship funding
To get funding to pay for apprenticeship training you must first create an apprenticeship account at GOV.UK.
You’ll use your account to:
- get apprenticeship funding
- find and save apprenticeships
- find, save and manage training providers
- add and manage apprenticeships
- apply for your incentive payment
Helping you create an account
Why choose B&FC?
At B&FC our mission is simple: to support business growth and prosperity through high-quality apprenticeships.
We benefit from a wealth of experience in this area and our expert apprenticeship advisers 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.
Other great reasons to choose B&FC:
- Responsiveness – we offer flexible delivery at a time and place to suit
- Dual professional staff – our experienced tutors and assessors regularly spend time in industry to keep their expertise up-to-date
- Tailor-made – we customise course content to deliver the exact skills your organisation needs
- High quality – we’re an Ofsted Grade 1 Outstanding college
- Variety – access a wide range of apprenticeships, from entry to degree level
- Industry-standard – training is to the best sector standard in cutting edge facilities
Pre-apprenticeships: don’t forget about these too!
Pre-apprenticeships - otherwise known as traineeships - offer young people the chance to gain employability skills via a 100-hour work placement.
Pre-apprenticeships can be tailored to suit your company’s individual needs, providing extra support where it’s needed.
You will be supporting young people onto the career ladder while tapping into the fresh ideas and enthusiasm of a new generation.
All pre-apprenticeship costs are met by government funding and for every 16-18 year-old pre-apprentice you take on, you will receive a £1,000 government incentive payment.
If you decide to offer your pre-apprentice an apprenticeship, you will be eligible for the new government apprenticeship incentives (outlined above) as well.