Apprenticeships are a great way to find and train new talent. However, they are an investment that many companies cannot afford. Luckily, the Government and other organisations recognise this and, depending on your business may be able to provide financial support.
Your first stop is the Government. They provide £1,500 apprenticeship grants, which (if you are eligible) you may take for up to 10 apprentices aged 16 – 24. This grant does not have to be paid back. The Government also cover training costs for apprentices. If your apprentice is aged 16 to 18, they will cover 100% of the costs and if your apprentice is aged 19 to 24 they will cover 50% of the costs. If you would like to apply for this funding, you should approach your local council.
Skills and Development Scotland run an ‘Adopt an Apprentice’ scheme where, should you take on a Modern Apprentice that has been made redundant from another employer; they will provide a £2000 incentive to cover recruitment cost and wages.
Apprenticeships are a great way to introduce fresh talent into your business. If you would like more information about funding an apprentice, email email@example.com. We also recommend the QA Apprenticeships website.