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Apprenticeship Funding

THINKING ABOUT TAKING ON AN APPRENTICE? NOW IS THE TIME TO RECRUIT!

You could receive up to £4,000* when employing a new apprentice in your businesses up until 30 September 2021.

*£3000 for apprentices aged 19yrs and over & £4000 for apprentices aged 16-18yrs
Contact us at apprenticeships@craven-college.ac.uk or on 01756 693 681

Apprenticeship Funding – Levy Paying Businesses

The Apprenticeship Levy was introduced on 6 April 2017. Since then, any business with a PAYE bill of over £3m will pay 0.5% into the Levy which can only be used to pay for funding Apprenticeships.

If you are a levy-paying organisation and want advice on how to recruit apprentices or train existing staff, Contact us at apprenticeships@craven-college.ac.uk or on 01756 693 681

Apprenticeship Funding for Non-Levy Paying Employers

Non-levy paying employers are required to pay a 5% ‘co-investment’ towards the Apprenticeship training costs with the Government covering the other 95%.

Smaller organisations employing fewer than 50 people employing a 16 – 18 year old will get 100% of the funding for their Apprentice and will not need to make a contribution to the cost.

From the 1st April 2021 all non-levy paying employers will need to reserve funding and register for an apprentice via the Apprenticeship Service.
Through this you will be able to

• get apprenticeship funding
• find and save apprenticeships
• find, save and manage training providers
• recruit apprentices
• add and manage apprenticeships
• apply for incentive payments

For more information on this and how Craven College can help you, see our Manage Apprenticeships Guide.

Craven College’s Commitment

Craven College continues in its commitment to support employers by offering advice and guidance to assist with recruitment, delivery and administration of your Apprenticeships and keep our employers informed of any changes to funding or incentives.
Craven College will cost each element of the Standards including End Point Assessments and ensuring clear, consistent and competitive pricing without compromising on the quality of delivery and level of support provided.