Find out more about funding support available to employers.
Employer Funding
Employers are experiencing growing skills shortages, making it crucial to explore the available funding options to transform your workforce. TTE can help you navigate the various funding opportunities and assist you with the eligibility criteria for applications.
Government Apprenticeship Funding
Depending on your business’s circumstances, you may qualify for Government funding to hire an apprentice.
For detailed information on available Government funding, click here.
Please note that eligibility is subject to Government regulations. More guidance can be found here.
Tees Valley Combined Authority Support Grant
An Apprenticeship Support Grant is available to SME’s identified by Tees Valley Combined Authority as being in one of the above Priority Sectors. The following funding is available:
- Apprentices Aged 16-18 – Grant of £3,000 is available
- Apprentices Aged 19+ – Grant of £2,000 is available
For any employers who do not fall into one of the above Priority Sectors, the following Grant is available:
- Apprentices Aged 19+ – Grant of £500 is available
Find out more about the TVCA Grant here
Tees Valley Business Growth Fund
Access up to 33% funding for business growth projects.
Tees Valley Business Compass can provide you with tailored funding and support to help your business grow.
You can access funding for:
- Developing marketing strategies
- Getting your business online
- Workforce training plans
- Product and service development
- Business process review
- Plus many more!
Click here for more information about the Tees Valley Business Growth Fund
The Apprenticeship Levy
What employers need to know:
- New Apprenticeship Standards: Designed by employers to replace existing frameworks.
- Employer Contributions: Non-levy paying employers (around 98%) contribute 5% towards apprenticeship training costs; the Government funds the remaining 95%.
- Funding Bands: 15 bands created for apprenticeship frameworks and new standards.
- Contribution Range: Employer contributions range from £150 to £2,700, depending on apprenticeship type and level.
- Small Employers: Employers with fewer than 50 employees can train 16-18 year old apprentices without any contribution; the Government covers 100% of training costs.
- Employer Involvement: Employers can play a key role in developing new apprenticeship standards.
- Apprenticeship Levy: In place since Spring 2017; funds appear in digital accounts just before the end of May for levy paid on April payroll.
- Levy Details: Employers with an annual payroll over £3 million pay 0.5% of their wage bill towards the levy.
- Digital Vouchers: Levy-paying employers receive £15,000 in funding for apprenticeship training as a digital voucher, usable for training new and existing staff with no age limit.
