APPRENTICESHIP FUNDING IN ENGLAND FROM APRIL 2021 TO SEPTEMBER 2021
In the Budget, Chancellor Rishi Sunak announced that employer incentives for employing a new apprentice is set to increase to £3,000.
Currently, firms in England are given £2,000 for every new apprentice they take on under the age of 25, and £1,500 for those over 25.
Sunak has promised to increase the cash incentives for employers who take on a new apprentice from 1st April 2021 to £3,000 – regardless of age – and the scheme has been extended until September 2021.
This is on top of the £1,000 payment provided for new apprentices aged 16 to 18 and those under 25 with an Education, Health and Care Plan, meaning that some employers could receive a payment of up to £4,000.
Employers can use the incentive funding to help meet any of the costs associated with supporting a new apprentice in their workplace including: facilities, uniforms, and apprentice travel. It can also contribute to meeting the costs of an apprentice’s wages. Individual employers can choose how to spend the money to support their apprentices depending on their individual circumstances.
Who can claim?
The grants are available to both levy and non-levy paying employers which take on a new apprentice from April 2021 until September 2021. New apprentices cannot be existing employees.
Reserving your funding
You must reserve your funding by registering with the Apprenticeship Service prior to your apprentice starting.
We can help to guide you through this process.
The money will be paid in instalments, with 50% of the total paid at roughly 90 days from the apprentice’s start date, and the remaining 50% paid roughly 365 days from the apprentice’s start date, subject to the apprentice still being in employment (with the same employer) and undertaking their apprenticeship at these times.
APPRENTICESHIPS ARE SUITABLE FOR THOSE ALREADY IN EMPLOYMENT AS WELL AS THOSE WISHING TO ENTER EMPLOYMENT.
Finding the perfect Apprentice for your company is key. We take the time to understand your requirements, the role and the competencies you are looking for to enable us to make the best match. We send a selection of applicants for you to interview, giving you confidence in your final decision.
We will ensure the quality of the training your Apprentice receives is exceptional.Our Curriculum Specialist will visit your workplace every month to provide 1 to 1 teaching, training and support to your Apprentice.
Apprenticeships help to develop and accredit the skills of the workforce. They are achieved through the demonstration of skills.
Achieving an Apprenticeship shows your employees can do their job to the national standards and have the up-to-date skills which employers like you are looking for in terms of work. An Apprenticeship which proves your employees can do a job competently is a valuable possession, which also helps to build your workforce for the future.
Monarch college IS MATRIX ACCREDITED
Matrix is the Department for Education’s (DfE) standard for ensuring the quality of the delivery of high-quality information, advice and guidance. The DfE supports the matrix Standard as the quality framework for accrediting information, advice and guidance contracts including the National Careers Service, its subcontractors and other services delivered on behalf of the Education Skills Funding Agency. It offers accreditation to those that meet the full standard.
Monarch College is committed to providing a quality service for Apprentices to enable them to achieve successful outcomes and meet their career aspirations.