EMPLOYERS
Employer Information
In today’s highly competitive markets, it is increasingly important to have a skilled, motivated workforce. The Training Trust is able to provide high quality structured training to meet your needs.
Benefits for Employers
When employers take on a 16-18 year old on an apprenticeship framework or standard, they receive £1,000 to help meet the extra costs associated with this. This will be paid to employers in two equal instalments at 3 months and 12 months. These payments are made to employers via their training provider, who will pass the money on.
What we can offer you:
- Access to government funded programmes
- Fully supported training
- Regular feedback on your employee’s progression
- Full cost commercial course
- Training for current staff
- Complete recruitment service
You can get help from the government to pay for apprenticeship training.
The amount you get depends on whether you pay the apprenticeship levy or not. You pay the levy if you are an employer with a pay bill over £3 million each year.
If you don’t 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 us
- pay directly for the training
The government will pay the rest (95%) up to the funding band maximum. This is paid directly to us as the training organisation.
If you pay the levy:
You will receive funds to spend on training and assessing your apprentices. The government will add 10%.You can set up your account here.
Financial support for apprenticeships
Incentive payments for hiring a new apprentice
When you hire new apprentices between 1 August 2020 and 31 March 2021, you can apply for extra funding to give your organisation a boost. If you take on new apprentices between 1 February 2021 and 31 March 2021, you can apply from 1 February 2021 to 30 April 2021.
- 16 to 24, you’ll receive £2,000
- 25 and over, you’ll receive £1,500
- 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
How the incentive payments for hiring a new apprentice works
You’ll get the payment in 2 equal instalments. You will be eligible for 50% of the payment 90 days after the apprentice’s start date, and the remaining 50% after the apprentice completes 365 days of their apprenticeship.
The apprentice will need to be in employment and undertaking their apprenticeship at these times as evidenced in the Individualised Learner Record.