Apprenticeship Funding for Small and Medium Businesses
If you don’t pay The Apprenticeships Levy then this page will explain everything you need to know about funding apprenticeships within your business.
This guide will cover how to access apprenticeship funding, what contributions you’ll need to make, what grants are available and will also cover some common FAQs we’re often asked about funding an apprentice.
We’ll call you back with no-obligation, free advice.
How Much Will It Cost To Fund an Apprentice?
If your business pays less than £3 million in payroll each year, the government will cover 95% of the costs of your apprentice’s training. If your payroll bill is over £3 million, you will fund apprenticeships through the Apprenticeships Levy. The training must be carried out through a registered training provider.
The price of apprenticeship training is set by the government. Each Apprenticeship Standard (course) is created and vetted through a strict process with industry experts, and then priced according to the resources, qualification level and time the course will take, among other factors.
The courses are extremely detailed and provide a recognised qualification that is equivalent to those studied at other higher education institutions. So at first glance, it may seem like a high cost.
However, as an employer, you’ll only need to contribute a maximum of 5% of the training fees. You’ll may also be able to access apprenticeship grants. This makes these high-quality courses extremely accessible financially.
If you’re a very small business and have less than 50 staff, the government will fully fund apprenticeship training for any apprentices you take on who are 16-18. Below, we’ll go into more detail about the different pathways you can take as a business to fund apprenticeship training.
95% Funding From The Government
You don't need to do anything to get this funding, your training provider will process this automatically.
100% Funding for Businesses with Less Than 50 Employees
Again, your training provider will process this.
100% Funding Through Levy Sharing
You will need to apply for this funding using the government's new portal.
Have a Question About Apprenticeship Funding?
Ask our experts anything, we’ll reply quickly via email!
Are There Grants Available for Apprenticeships?
The UK government also often offers grants in order to incentivise employers to hire more apprentices.
These are fantastic opportunities to grow your business. You can invest the cash you get from your grant in any way you wish.
Often employers will use the grant to offset the costs of apprenticeship wages, or for new equipment that your apprentice may need.
Grants are usually paid out in two instalments. The first is paid a few months after your apprentice starts, and the second is paid when your apprentice completes the apprenticeship programme.
In the section below, we have detailed all the grants that are currently available to employers who hire an apprentice.
If you decide to work with NTG Training as your Apprenticeships Training Provider, we will deal with grant application paperwork on your behalf to ensure that you gain everything you qualify for in a timely manner.
The Apprenticeship Incentives Grant: £3,000
All businesses who take on an apprentice before this end date are eligible for £3,000.
Apprenticeships Grant For Small Businesses: £1,000
You can apply for this grant on top of the Apprenticeship Incentives Grant, meaning you are eligible for a total of £4,000.
Have a Question About Apprenticeship Grants?
We’ve helped hundreds of businesses apply for grants, so whatever your query, we can help.
How Do Businesses Access Apprenticeship Funding?
How Much Will an Apprenticeship Training Provider Charge?
An apprenticeship training provider receives their funding directly through the government. If you need to pay the 5% contribution, that’s all you will be paying throughout the entire course of the training.
All tutoring, course content, tutor travel, qualifications and certificates are funded this singular payment.
Learn More About Apprenticeship Funding
Great news for employers; the Apprenticeships Incentive Scheme has been
We’ve spoken a few times on this blog about the
Have you heard of the Apprenticeship Incentives Grant? Originally, it