your funding library
The Smart Apprentices funding library has been created to guide you through the funding available to the sector. Resources will include grants available, funding streams applicable to the sector and advice & guidance on how to spend your funding.
We hope you find this useful.
SEE OUR FE SECTOR BUDGET 2021 ROUND UP HERE >
Up to £2000
Employers can receive up to £2000 for every apprentice employed. This is different to the levy fund and can be used to support your organisation’s costs.
If you’re an employer with a pay bill over £3m each year, you must pay the apprenticeship levy. The levy can be used to spend on apprenticeships or can be shared with smaller non-levy paying employers.
Businesses can apply for a new payment of £3000 for each apprentice they take on as a new employee between April – Sept 2021.
TRAINEESHIPS & PLACEMENTS
£1000 per placement
Employers will receive £1000 per young person placement (up to 10 incentive payments per employer, per region) in the 21 – 22 academic year.
The budget 2021 revealed there will be an additional £126m to fund 40,000 more traineeships for 16 – 24-year-olds in the 21 – 22 academic year.
Up to £4000
Keep your trainee on as an apprentice after they’ve completed and receive up to £4000 for taking them on (available until September 2021).
PLAN FOR JOBS
The Kickstart Scheme provides funding to create new job places for 16 – 24-year-olds on Universal Credit at risk of long term employment.
Help to Grow
The Help to Grow campaign aims to provide 30,000 places over 3 years for small business to be able to access a 12-week programme. The costs will be 90% subsidised by the government, with participants charged £750.
Up to £750
Some T level providers can receive an incentive of up to £750 (selected regions). T Levels can help to reduce recruitment costs by working directly with providers and schools to connect young people to careers.