Available funding

Are you thinking about training and employing an apprentice but worried about the cost?

You could qualify for financial support. The government and other agencies offer funding, financial support and loans for employers looking to employ an apprentice. The funding available to you will depend upon the size of your organisation, whether you’re considered a small or large employer, and your geographical location. The good news is that there are incentives available for both small and large employers.

Government Funding

Available funding for apprentices aged 16-18: £3,000 
Available funding for apprentices aged 19-24: £2,000 
Available funding for apprentices aged 25 and over: £1,500 
The government recently launched its ‘Plan for Jobs’ strategy to support employers with training and employing an apprentice. The strategy will ensure that employers receive £2,000 for all apprentices they employ between the ages of 16 and 25.
For apprentices between 16 and 18, these incentive payments are on top of the existing incentive payments of £1,000 that the government already provides. So employers will actually receive a total of £3,000 for all apprentices aged 16 to 18. If the apprentice is 25 years old or over, the employer will receive £1,500.

These provisions started to take effect on the 1st of August 2020. Employers will continue to get incentive payments through January 2021 for every new apprentice they take on.
Watch the video below which explains the funding available from the government.

Local Combined Authorities

Various local authorities have access to funds that have been donated from large organisations via their apprenticeship levy. When selecting a training provider to deliver the training for your apprentice, make sure you ask them if they have any available funding through their local authority. You can request one-to-one support with this via our free members area.

CITB Apprenticeship Grants and Levy

CITB pay grants for attendance and achievements on approved intermediate and advanced apprenticeships in England, Wales and Scotland. This grant for intermediate and advanced level apprenticeships covers:

  • Off-the-job attendance with an approved apprenticeship provider.
  • Achievement of an apprenticeship framework, including advanced apprenticeship frameworks.
  • Achievement of an End Point Assessment (EPA) of a new apprenticeship standard (England only).
You can claim if you’re levy-registered with CITB and up to date with your levy returns. You also need to meet their general Grants Scheme terms and conditions. You can find all of the relevant information on the funding available and how to apply by clicking the button below. You can also find support materials and additional information via our free members area.

Levy Transfer Options

Employers who pay the apprenticeship levy and have unused apprenticeship funds can transfer a maximum of 25% of their annual levy funds. Levy paying employers can work with employers that they currently work with within their supply chain. They can also get in touch with other employers in their industry, work with regional partners or even get in touch with an Apprenticeship Training Agency (ATA).

What transfers can pay for

Transferred funds will be used to pay for the training and assessment cost of the apprenticeships agreed with the receiving employer.
You can link with levy paying employers to receive levy transfer funds by becoming a free member of the Homeserve Foundation. If you’re a levy paying employer looking to put your unspent levy to good use, you can also register for free to link with small employers that are looking for funding support.