Apprenticeship Funding, Incentives and Grants For Employers in 2022
If you don’t pay The Apprenticeships Levy then this page will explain everything you need to know about funding apprenticeships within your business. We’ll also discuss which government grants and incentives are available for businesses who take on an apprentice.
How Much Will It Cost To Fund an Apprentice?
Firstly, Check Your Business Doesn't Pay The Apprenticeships Levy
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.
Decide Which Course Your Apprentice Will Study
View our course guide and decide which apprenticeship programme will best suit the needs of your business. Each training course will have a fee, but government grants will cover this cost 95%, or in full.
Understand The Government Funding Your Business Qualifies For
You can view our guide to this here, but in general, most businesses in England will be eligible for 95% course funding, and most businesses in Wales will be eligible for 100% funding.
Check If You're Eligible For Any Further Grants or Incentives
Small businesses with less than 50 employees, who hire an apprentice aged between 16 – 18 will qualify for a further £1,000 grant. We’ll explain all the possible apprenticeship grants you can obtain further on in this article.
Set a Wage or Salary For Your Apprentice
Apprentices must be paid at least the minimum wage set by the government. As a business, you’re responsible for paying this. However, apprenticeships offer excellent value for money in terms of the training provided and quickly often pay for themselves in returns for the business.
Government Funding Available for Apprenticeship Training
Did you know? Your business may also be eligible to obtain 95-100% funding to train and upskill your current team members, using the apprenticeship programme. Learn more here.
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 For Welsh Businesses
You can learn more about the apprenticeships we provide in Wales here.
100% Funding Through Levy Sharing
You will need to apply for this funding using the government's new portal.
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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.
Apprenticeships Grant For Small Businesses: £1,000
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.