Funding, Grants and Support in Hertfordshire
Apprenticeship Incentive Funding for Employers
An incentive payment of £1000 is available to any employer taking on an apprentice aged 16-18 (or aged 19-24 with an Education Health and Care plan or care leaver). Payments are made via the training provider and passed on to the employer: £500 after month three and £500 after month twelve.
If you are a small business (with fewer than 50 employees) there will be no cost to you for training an apprentice aged 16-18 (or aged 19-24 with an Education Health and Care plan or care leaver).
If your business has more than 50 employees you will pay only 10% of the training costs of each apprentice. Businesses of this size pay for all ages, with no remission available for 16-18 year olds.
Employers of apprentices under the age of 25 do not pay secondary Class 1 (employer) National Insurance contributions for their apprentice.
Hertfordshire Growth Hub has new incentives for Hertfordshire businesses employing 10-249 staff to take on new apprentices. Grants worth £1,500 per apprentice are available to each employer. Businesses receive the grant for up to two apprentices.