Apprenticeship Incentive Payments
At Solveway Apprenticeships we take the stress out of hiring Apprentices by closely matching the right apprentice to the right employer, and with the government extending their payment incentives for hiring each new apprentice, it couldn’t be easier to bring cost-effective new talent into your organisation.
The team here at Solveway Apprenticeships is on hand to help and take you through each step of the process.
There is no charge our fees for this added value service our any part of the process. Solveway Apprenticeships income is 100% government funded.
Please complete your details in the section to the right of this page, and one of our experienced team will contact you to help.
In the meantime, here are some FAQ’s.
What will my organisation get?
For Apprentices Aged:
- 16 to 24, employers will receive £2,000
- 25 and over, employers will receive £1,500
As an employer, you’re now eligible if you take on new apprentices between now and to 31st March 2021.
However, if you take on new apprentices from 1 February 2021, you can apply for the additional incentive payments between 1 February 2021 and 30 April 2021.
The payment is in addition to the £1,000 employers already receive for hiring an apprentice.
How can I still successfully recruit during lockdown?
Solveway are continuing to onboard apprentices on a regular, often rolling-intake, basis. Straight after recruitment, apprentices will receive a full 12-week onboarding programme delivered remotely, from our first-rate qualified trainers.
What can I use the payment for?
The payment is different to apprenticeship levy funds (which is payable by UK employers with an annual pay bill of more than £3million), 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.
How do I know if my company is eligible?
You can only apply for new apprentices who joined your organisation from now to 31 March 2021. This includes if you recruit apprentices who have been made redundant.
You cannot apply for an existing employee who joined your organisation before 1st August 2020, even if they started an apprenticeship after this date.
How do I apply?
All employers need to create an apprenticeship service account to get funding to pay for apprenticeship training and assessment costs. You can apply for an incentive payment after you add new apprentices to your apprenticeship service account. You can apply until 30 April 2021.
Remember, the team here at Solveway Apprenticeships can help you through each step of the process, so no need to worry if this is all new to you.
When will I get paid?
There are 2 equal instalment payments for each apprentice. The first payment is after an apprentice completes 90 days of their apprenticeship and the second is after 365 days.
To receive the full payment, the apprenticeship must last for at least one year.
Payments are made by Bacs on the 14th working day of the month. It usually takes 3 working days to process.
After you apply, you can view the estimated payment dates for each apprentice in your apprenticeship service account.
What support will my business receive and how much input is required?
All our apprentices have the full support of a dedicated work coach, who is there to support both employer and apprentice, each step of the way. There is very little input required from you during this time.
We want to make apprenticeships work for you. Get in touch with our team today to find out more.