Business Apprenticeship Grants
Milton Keynes College is supporting a new National Apprenticeship funding programme that offers local employers a financial grant towards the cost of employing an apprentice.
The National Apprenticeship Service are currently promoting up to 40,000 Apprenticeship grants of £1,500 to organisations employing less than 250 employees and recruiting their first 16 to 24 year old apprentices.
Which companies are eligible to claim an Apprenticeship grant?
- Those who employ less than 250 (FTE) employees
- Companies that have not employed an apprentice within the last 3 years (not eligible if the employer has started an apprentice since April 2009)
- Companies who are recruiting an Apprentice - not converting an existing member of staff. The employer must recruit a 16 to 24 year old who is living in England and not in full-time education.
- Grants are available for up to 3 new Apprentices per employer, the number you intend to recruit must be declared at the time of the first application
- Apprentices must be employed for a minimum of 30 hours per week
- Grants will be paid in 2 instalments – one payment of £750 after 2 months into the Apprenticeship programme and the remaining payment of £750 at the end of one year.
- Applications will be processed by the College who will assist employers with the application process and make payments to employers at the designated times.
We can work with you to check your eligibility and will apply for the grant on your behalf. This support will also include assistance in advertising your new Apprenticeship vacancy on the National Apprenticeship website to attract the most suitable applicants to your vacancy. There will be no cost for this service.
When applying for the Apprenticeship Grants you will be asked to sign an agreement which will include:
- Confirmation of the number of apprentices you will be taking on as a result of the grant (max of 3)
- Confirmation you wouldn’t have taken the apprentice on without this additional grant
- A commitment to employ the apprentice for a minimum of 12 months or the time it takes to complete the Apprenticeship framework, whichever is the greater.
- Agreement to pay the Apprenticeship National Minimum Wage of £2.60 per hour – although most apprentices receive more than this
- Confirmation that you have not taken on an apprentice in the previous three years
What next? - How Milton Keynes College can support you:
We can offer the following service to enable your company to maximise grant opportunities by:
- Advertising vacancies on the National Apprenticeship Service website
- Giving advice and guidance on Apprenticeship frameworks most suitable to meeting your business needs
- Support in screening the applicants
- Support in the application process for claiming grant income
For further information and to discuss Apprenticeship Grants:
Contact our Business Development Team – by telephoning our Business Helpline on 01908 637056 or email: email@example.com