Apprenticeship Levy, Funding & Costs

The Apprenticeship Levy is eligible for both existing and new staff; if you would like any more information on the Levy or what Steadfast Training Ltd can do for you please contact one of our Key Account Managers on 0845 223 2401

Incentive payments for hiring a new apprentice

You can apply for new apprentices who joined your organisation from 1 April 2021 to 30 September 2021. You must set up an apprenticeship service account.  The incentive payment is in addition to the £1,000 employers already receive for hiring an apprentice:

  • aged 16 to 18 years old
  • under 25 with an education, health and care plan or who has been in the care of their local authority

To receive the full payment, the apprenticeship must last for at least one year.

Apprentices who joined your organisation from 1 April 2021
Employers can apply for a payment of £3,000 for new apprentices of any age who have an employment start date of 1 April 2021 to 30 September 2021.
They must have an apprenticeship start date of 1 April 2021 to 30 November 2021.

Apprentices who joined your organisation before 1 April 2021
The application deadline for these apprentices has closed.

What you can use the payment for
The payment is different to apprenticeship levy funds, so you can spend it on anything to support your organisation’s costs. For example, on uniforms, your apprentice’s travel or their salary. You do not have to pay it back.

Eligibility
You can only apply for new apprentices who joined your organisation from 1 April 2021 to 30 September 2021.
You cannot apply for an existing employee who joined your organisation before 1 April 2021, even if they started an apprenticeship after this date.

How to apply

To receive the payment, you must submit an application for each eligible apprentice using your apprenticeship service account.
You will need to add the apprentices to your apprenticeship service account first.
Applications close on 30th November 2021.

Based in Norfolk? Find out more about the Recruit, Retain and Reward incentive from Apprenticeships Norfolk

Other Funding Options

Traineeships

A Traineeship is an education and training programme with work experience that is focused on giving young people the skills and experience that employers are looking for.

Traineeships last up to a maximum of 6 months depending on the needs of the individual and include:

1. Work experience placement of at least 100 hours.

2. Work preparation training

3. English and Maths support

Sector Based Work Academy

Sector-Based Work Academies are designed to help meet your immediate and future recruitment needs as well as to recruit a workforce with the right skills to sustain and grow your business.

A Sector-Based Work Academy can last up to 6 weeks and has 3 main components:

  • pre-employment training – relevant to the needs of the business and sector
  • a work experience placement – of great benefit to both the individual and a business
  • a guaranteed job interview

Advanced Learner Loans

If any of your employees which to partake in self-guided learning they may be eligible
for an Advanced Learner Loan,

To be eligible for an Advanced Learner loan;

  • You must be 19 or older on the first day of your course.
  • Your course must be a Level 3, 4, 5 or 6 qualification

To find out more about this please contact us

Maths & English

We deliver fully-funded maths and English classes for new and existing employees from Entry Level 3 to Level 2. The courses are delivered in a classroom setting half a day, once a week for 3 months