Employers will need to claim the incentive payment via the online apprenticeship system from 1 September 2020.
Click here for information on funding rules and guidance for employers.
Take on an Apprentice
Apprentices are key to the future of industry, and now the government is offering employers up to £3000* when they take on a new apprentice.
The key to the future of industry
Hiring an apprentice is essential for any business looking to nurture young talent, introduce fresh ideas and secure the future of your business. At the Growth Company we have a wide range of apprenticeships to help your business thrive.
*Terms: The Government will introduce a new payment of £2000 to employers in England for each new apprentices they hire under 25, in addition to the existing payment the government already provides for new 16-18 year old apprentices, and those aged under 25 with an Education, Health and Care Plan (EHCP) – where that applies.
The new apprentice must not have been employed by the employer within the six months prior to the [apprenticeship] contract start date.
FAQs
Apprenticeships can help your employees work smarter, not harder, with the right skills. Developing an apprentice’s skills can help create a happier and healthier workforce, which aids retention and productivity.
What is an apprenticeship?
Apprentices learn through a combination of on and off-the-job training. This hands-on approach to learning means they gain valuable industry experience.
What types of apprenticeships are available?
We offer a wide variety of apprenticeships across a range of industry areas, including:
- Accounting and Banking
- Automotive
- Business and Administration (including professional and management and marketing)
- Childcare, Health and Social Care
- Construction
- Engineering and Manufacturing
- Hospitality, Retail and Customer Service
- Insurance
- IT and Digital
- Teaching and Education
How long does an apprenticeship take to complete?
This depends on the type of apprenticeship and the level. On average an apprenticeship can take up to 18 months, but may be longer for more advanced programmes.
How much does an apprentice cost to hire?
When you recruit an apprentice you would pay them like any other member of staff. The minimum wage for a young apprentice is £3.80, however most employers pay more in order to recruit the best candidates.
You will also be required to contribute to the training costs, which again vary based on the type of apprenticeship. However, there are a range of support and funding options available, including the Apprenticeship Levy for larger organisations.
What are the new incentives introduced by the Government?
The Government has introduced a range of new incentives for employers to hire a new apprentice:
- £2000 payment for each new apprentice they hire aged under 25
- £1500 payment for each new apprentice they hire aged 25 or over
- These payments are in addition to the existing £1,000 payment the government already provides for new 16-18 year-old apprentices, and those aged under 25 with an Education, Health and Care Plan – where that applies
These incentives are available from 1 August 2020 to 31 January 2021.
Where will an apprentice learn?
Depending on the type of apprenticeship the apprentice will learn through a combination of on-the-job learning and off-the-job training. Off-the-job accounts for 20% of the apprenticeship and can be delivered either in one of our centres, or at your premises.
What commitment do I need to make?
When you recruit an apprentice, it is a commitment for both the apprentice and you. You will need to support them every step of the way and work with your dedicated apprenticeship assessor to ensure you are helping them achieve.
What support will I receive?
You will receive a dedicated assessor who will guide you through the entire process. They will provide you with an apprenticeship delivery plan which will give you a step-by-step guide on what to expect along the way and all the support you may need.
Levy Matchmaking Service
If you are an SME and are looking to recruit an apprentice you can take advantage of the Levy Matchmaking Service. This means your company is not required to pay the 5% co-investment. Visit the Levy Matchmaking Service for more information.
Find out more
Contact us for more information.
