If you do not need to pay the levy
- You pay 5% towards the cost of training and assessing your apprentice. You need to:
- agree a payment schedule with the training provider
- pay them directly for the training
- The government will pay the rest (95%) up to the funding band maximum. They’ll pay it directly to the training provider.
You can also claim up to £2,000 as an incentive payment if you hire an apprentice that starts with you between 1 August 2020 and 31 January 2021. You’ll have until 30 April 2021 to make the claim.
You can apply for the payment from 1 September 2020, after you add new apprentices to your apprenticeship service account.
The payment is in addition to the existing £1,000 you’ll already get for taking on an apprentice who is:
- aged 16 to 18 years old
- under 25 and has an education, health and care plan or has been in the care of their local authority
- What you’ll get
Employers will receive:
- £2,000 for apprentices aged 16 to 24
- £1,500 for apprentices aged 25 and over
You’ll get the payment in 2 equal installments:
50% after the apprentice completes 90 days of their apprenticeship and the remaining 50% after 365 days. To get the full payment, the apprenticeship must last for at least one year.
Full information on the incentives payments for hiring a new apprentice can be found by clicking the link below:
Why not get started now?
You can register for an apprenticeship service account to access funds or pay for training. Please follow the following link for more information on how to register.
Or get in touch