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Funding for apprenticeships can significantly reduce the financial burden on employers. Many governments offer grants, tax credits, or subsidies to support the costs associated with hiring and training apprentices. These financial incentives can cover various expenses, including wages, training materials, and program administration. Additionally, some regions provide specific funds for businesses that hire apprentices from underrepresented groups or invest in high-demand skills. By taking advantage of these funding opportunities, employers can offset costs and make apprenticeships a more viable and attractive option for their workforce development.
You’ll get funds to spend on training and assessing your apprentices. The government will add 10%.
You pay 5% towards the cost of training and assessing your apprentice. You need to:
Agree a payment schedule with the training provide
Pay them directly for the training
You can get £1,000 to support your apprentice in the workplace if, at the start of their apprenticeship training, they are one of the following:
16 to 21 years old (or 15 years old if the apprentice’s 16th birthday is between the last Friday of June and 31 August)
19 to 24 years old with an education, health and care (EHC) plan
19 to 24 years old and have been in care
You can spend it on any costs related to their employment, for example their salary, travel costs or uniform.
The training provider will pay you once they’ve confirmed that an apprentice is eligible. You’ll be paid in 2 instalments of £500.
You’ll get the first payment 90 days after the apprenticeship started and the second payment one year after the apprenticeship started. (Training providers must pay you within 30 working days of receiving the money from the government.)
You’ll only get paid if the apprentice is still employed by you when the payment is due.
If you pay the apprenticeship levy
If you do not pay the apprenticeship levy
Help to pay for other costs
How and when you'll be paid
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