Apprenticeships help bring valuable skills into your business with the government's support.
For the apprentice
- the cost of your training is covered by the government and your employer.
For the employer
- you can get help from the government to pay for apprenticeship training.
The amount you get depends on whether you pay the apprenticeship levy or not. You pay the levy if you’re an employer with a pay bill over £3 million each year.
As an employer that doesn’t pay the apprenticeship levy, you pay just 5% towards the cost of training and assessing an apprentice.
The government will pay the rest up to the funding band maximum.
You’ll pay the training provider directly and agree on a payment schedule.
If you employ fewer than 50 employees, the government will pay 100% of the apprenticeship training costs up to the funding band maximum for apprentices aged:
- 16 to 18
- 19 to 24 with an education, health and care plan provided by their local authority or has been in the care of their local authority
Additionally, employers receive an incentive payment of £1000 for hiring an apprentice:
- aged 16 to 18 years old
- aged 19 to 24 with an education, health and care plan or who has been in the care of their local authority
Find out more about financial incentives for hiring a new apprentice or how apprenticeships are funded.
If you would like further assistance, you can:
For the training provider
If you are a training provider please get in touch to find out more about our fees for the End Point Assessment and the added value of working with a professional institute that has been supporting accounting and payroll professionals for over 25 years.
For further details please contact:
apprenticeships@bookkeepers.org.uk
0203 405 4000
We are open from 8.30am to 5.30pm, Monday to Friday.
