Ever tried to bring in new workers and can’t get any with the skills you need?
It's a major factor in all industries especially craft industries now that the migratory workforce has dried up following Brexit.
Train your own is now the only way and it doesn’t need to stretch your profit margins.
Here’s what the Government and Local Mayors can offer to you as a business.
1. Help with Training Costs
Small to Medium Employers: If your pay bill is under £3 million (non-levy payer), you will generally only pay 5% of the training and assessment costs. The government covers the remaining 95%.
16 to 21-Year-Olds: The government will pay 100% of the training costs if your apprentice is between 16 and 21 years old.
Levy Payers: If your pay bill exceeds £3 million, you can use your Apprenticeship Levy funds to cover training via your digital account. [1, 2, 3, 4, 5]
2. Financial Incentives
Cash Payments: Non-levy paying employers can get a payment of up to £2,000 when hiring new apprentices aged 16 to 24.
National Insurance Relief: Businesses do not pay employer National Insurance contributions for apprentices aged under 25 who earn under £50,270 per year. [1, 2]
3. How to Access Help
You can find approved training providers, check funding bands, and manage your advertising through the official Apprenticeships.gov.uk portal. If you need step-by-step assistance, you can use the Get help employing an apprentice service. [1, 2, 3, 4]
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