Government Apprenticeship Incentives
In March the government announced they were increasing the incentives that businesses can receive for taking on a new apprentice. Businesses are currently being offered up to £4000 for taking on a new apprentice.
Is my business eligible for the incentive?
If you hire a new apprentice into your organisation between April 1st 2021 and 31st January 2022 you can claim a £3000 from the government.
The £3000 incentive payment has now been extended. You will be able to apply for apprentices with a start date between 1st October 2021 and 31st January 2022 once applications open in January 2022.
You will receive an additional £1000 if your apprentice is:
aged 16 to 18 years old
under 25 with an education, health and care plan (EHCP), or has been in the care of their local authority
What can my business spend the incentive on?
The incentive isn’t restricted and could help support your business with the apprentice’s wages, equipment etc. The incentives aren’t restricted in what the business can use them for, and you don’t have to pay them back.
When will I receive my incentive payment?
Businesses will receive the incentives for each apprentice in 2 equal instalments. The first after your apprentice completes 90 days of their apprenticeship, and the second after 365 days of their apprenticeship.
How do I claim my incentive payment?
You can claim your incentives through registering your business on The Apprenticeship Service (TAS), the government’s portal for apprenticeships. All businesses are now required to register an account. Click the link below to download a copy of our 'The Apprenticeship Service - Guide For Employers' which takes you through the registration process.
Share to Support Scheme
Our team run the Share to Support levy transfer scheme, in partnership with The West of England Combined Authority. We can help you use any of your unspent levy to support the recovery and growth of local small businesses. This could be businesses in your supply chain, or that tie into your corporate responsibility objectives. You can find out more here: Share to Support Scheme and get in touch with our Apprenticeship Levy Manager to discuss your needs: email@example.com.
How apprentices can help your business
To find out how hiring an apprentice can help your business, please see our blog.
WE ARE HERE TO HELP YOU...
Our team at WTPN run the West of England Apprenticeship Service. If you want support in understanding apprenticeships and how your business can benefit we offer a free, independent and impartial apprenticeship service for small businesses based in the West of England. Get in touch with our team to talk through your business' needs: firstname.lastname@example.org