Funding Information for Employers
£2000 - Plans For Jobs Payment
April 2020 to September 2021 any employer that hires a new apprentice will receive £3,000, This includes anyone employed during this period who is paid through your PAYE scheme.
£1000 Young Apprentice Employer Incentive
The employer incentive for providing an apprenticeship to 16-18 year, or 18-24 with a (ECHP) Educational health Care plan is still available in addition to plans for jobs incentive.
5% Non Levy Charge
All Employers who don't pay the Apprenticeship Levy have to contribute 5% of the overall funding cost of the apprenticeship - So a £5000 apprenticeship will cost you £250 - SME's can have 10 apprentices at one time.