Up to £4,000 grant for apprentices

Employers can claim up to £4,000 for taking on an apprentice aged 16-18.

And, apprentices of any age can attract £3,000 of funding.

Business Development Director Gina Bubbins  of The Bedford College Group says:

“We can guide companies through the process. It does require a commitment to allow the individual to spend 20% of their time in training. That doesn’t have to be a day release to college, it can be online learning or mentoring in the workplace.

“But the Government is putting more money up to incentivise employers to take on new apprentices of all ages.

From the 1^st April the new Government Incentive of £3,000 can be used for those that start employment within the organisation from the 1^st April 2021 to the 30^th September 2021, this is for all employers and for any age group.

“In addition there is an employer grant, that is age-related, of £1,000 for employers that take on, or put existing staff through an apprenticeship, at the age of 16-18.

“So, if an employer signs up an apprentice aged 17 on from the 1^st April they could claim £4000.

“If they took on a 25-year-old from the 1^st April they could claim £3000

“If they had an existing staff member who was 18 and put them on an apprenticeship they could claim £1000. But if they had an existing staff member who was 25 and put them through an apprenticeship, they could claim nothing.”

Extra circumstances: If the employee has additional needs and has an educational, health care plan in place, there are extra funds available for them as apprentices, if aged under 25.

Apprenticeships which had been traditionally associated with 16, 17 and 18 year olds, has since been widened to include funding for adults – but with less money for the employer.

Apprenticeships begin at Level 2 (GCSE equivalent) and are available up to and including Higher Apprenticeships (at degree level).

“We will be liaising with existing and new employers to help them make the most of these new opportunities,” said Gina,

Businesses are overburdened with changing paperwork, rules and regulations in these challenging times, we are here to make things easier for them.

Govt Guidance on apprentices pre-April 1st 2021

For new apprentices who joined your organisation between 1 August 2020 and 31 March 2021 aged:

• 16 to 24, employers receive £2,000
• 25 and over, employers will receive £1,500

You must apply for these apprentices before 30 April 2021.

To talk about the funding options available for your business please email training@bedford.ac.uk or call 01234 291747.