Non – Levy Employers
When a business has an annual wage bill which is less than £3m, the business is not required to pay a levy contribution. This would put you into the category of an SME which means apprenticeships can be co-funded. Through a co-funded apprenticeship, the employer would contribute 5% of the apprenticeship value and the government would contribute the remaining 95%. This is managed through the Digital Apprenticeship Service (DAS) online account. An employer can recruit a maximum of ten apprentices at any given time. If the employer has fewer than 50 employees and the new apprentice is under the age of 18, the government will meet 100% of the apprenticeship funding value.
You will receive £1000 for each 16 – 18 apprentice you recruit.
Incentives are paid in two equal instalments at 90 days and 365 days.