Hire an apprentice and receive a cash incentive
Are you an employer that has recruited a new apprentice after 1 April 2021?
Did you know that you can still apply for the incentive until 1 November 2021?
The incentive is on top of the £1,000 payment provided for new apprentices aged 16 to 18 and those under 25 with an Education, Health and Care Plan, meaning that some employers could receive £4,000 in total. Employers however are not allowed to use it against existing apprentices they have in their business, but they can use it against an existing apprentice who has been made redundant by another employer, which allows employers to access a wider talent pool. Individual employers have control over where apprenticeships funds are spent to meet their current and future skills needs, this could help meet any costs associated with supporting new apprentices which can include facilities, uniforms and travel. There’s 90% of those learners that do an apprenticeship stay in work or go on to further education.
Levy-paying employers can transfer up to 25% of the annual value funds in their apprenticeship services accounts to other employers, including training providers. This is done through the apprenticeship service. The money will be paid in instalments, with 50% of the total paid roughly 90 days from the apprentice’s start date and the remaining 50% paid approximately 365 days from the start date, this is however subject to the apprentice still being in employment with the same employer and undertaking their apprenticeship at these times. Only starts funded through the apprenticeship service will be eligible for this payment, smaller employers who have previously accessed apprenticeship funding through legacy contracts will need to register for an account and access funding through the reservations process, in order to benefit from it. All employers regardless of their levy-paying status they are required to register their financial details in order to receive the instalments. Employers will be able to claim from 1 September 2020 and once there is a contract of employment and apprenticeship agreements in place.
There is no overall limit on the number of payments each employer can claim, providing each apprentice meets the criteria of a new employee.
Our apprenticeship recruitment team can help take the stress away from you and help you to recruit an apprentice, so get in touch with them today on email@example.com
Construction employers if you don't pay into the levy then we can help you register with CITB as there's an incentive that could see you receive up to £15k*
How it works:
After 3 months on the programme, you would receive £625 for the duration of the programme. Upon the apprentice completing their programme you will receive the bonus of £3500.
The same criteria apply to construction employers you have until 1 November 2021 to apply for the grant for any apprentices you recruited after 1 April 2021.
After this date, you will only then be eligible for up to £11k depending on their age and programme.
If your apprentice is a painting and decorating apprentice which is a 36-month programme, you would receive £7500 from CITB during the programme, then upon completion £3500 not forgetting the £4000 (if they are in the category from the table above).
Then as the employer, you will receive up to £15,000 – which is time-sensitive as mentioned above.
If you would like more information on this incentive and how you register with CITB, then get in touch with our construction academies at: firstname.lastname@example.org
*depending on programme type
PAID TO YOU
*for those aged 19-24 with an education or care plane, employers could receive £4,000 in total.