When you hire a new apprentice aged 16-18, you could be eligible for the £1000 incentive payment. This is paid via two payments, 50% is paid after 90 days from the beginning of the apprenticeship, and the remaining is paid after 1 year. You will also be eligible if your apprentice is:
It can be used to support your apprentice.
It will automatically be paid to you once your apprentice has completed their first 4 months of training – you will not need to apply.
The levy is set at 0.5% of an employers’ pay bill. It will only affect employers with an annual pay bill more than £3M. Only 2% of all UK employers are liable to pay the levy.
95%-100% of Apprenticeship training fees are funded by the Government, depending upon the size of your business and the age of the apprentice.
For further information about the Government Apprenticeship Levy please click here
Call Mandy on 07528 968421 or email mkerslake@skillsgroupuk.com.