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Wondering if you can get an apprenticeship grant for employers?
The government uses apprenticeship levy funds to fund apprenticeships across the country, but there are some further incentives that make apprenticeship programmes more appealing for employers.
Apprenticeship grants can help towards the cost of taking on an apprentice, minimise the financial risk to your company.
With over 740,000 apprentices in the UK each year, we’re here to help support companies like you figure out how the funding works and which grants are available.
Read on to find out more.
What funding is available for apprenticeships?
While not technically an ‘apprenticeship grant’, all companies are eligible for apprenticeship funding from the government. The amount you are eligible for depends on the size of your company and whether or not you contribute to the Apprenticeship Levy.
Whether they pay into the levy tax or not, all companies are eligible for levy funding.
Find out more about government apprenticeship funding rules.
Apprenticeship grants and government incentives
There are also grants available from the UK government designed as incentives for businesses to take on apprentices. These change each year, currently for apprenticeships starting in 2023 there is a £1000 grant available for employers hiring apprentices aged:
- 16-18
or
- 19-24 with an education, health and care plan or who has been in the care of their local authority.
What other apprenticeship grants are available?
On top of your standard apprenticeship funding and government incentive, your company could be eligible for additional apprenticeship grants from:
- Local councils and authorities
- Industry boards
Local Authority Apprenticeship Grants
As with the national government grant, local apprenticeship grants change over time so you’ll need to check these regularly or talk to an expert like one of our team members who stay up to date with these changes.
Local councils or authorities, such as Greater Manchester Combined Authority, may offer apprenticeship grants to local businesses to boost career prospects and economic growth in the community.
Industry-specific Apprenticeship Grants
Some industry-specific boards, such as the Construction Industry Training Board, offer grants to businesses who are looking to hire an apprentice providing they meet their eligibility criteria.
Across all our apprenticeship sectors, we work with leading boards and councils to stay up to date on the latest apprenticeship grants available.
Want to find out what grants you’re eligible for? Get in touch with our apprenticeship funding experts on 03333 222 666.
