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Grants and funding for businesses

Employers05

Our Employer services team can provide information and advice about funding and grants available for businesses to support them in delivering bespoke staff training and apprenticeship recruitment.

Our team of experts can also help you with applications for grant funding.

If you would like to speak to one of our team to find out more about the funding and/or grants that you could potentially access to support your training and recruitment need get in touch with us today.

Apprenticeship Grant for SMEs

Support for employers of up to 1,000 employees comes in the form of a £1,500 Apprenticeship Grant for employers of 16 to 24 year olds.

The National Apprenticeship Service (NAS) is making £1,500 grants available to provide valuable financial support to employers with 1,000 employees or less, who wish to employ an apprentice.

Eligible employers are those who have never employed an apprentice before or who have not been in a position within the last 12 months to commit to employing an apprentice again. Apprentices must be aged 16-24 and be employed for a minimum of 12 months.

Government Funding for SMEs

You can get help from the government to pay for apprenticeship training.

The amount you get depends on whether you pay the apprenticeship levy or not. (You pay the levy if you’re an employer with a pay bill over £3 million each year.)

If you don’t need to pay the levy

Then you pay 10% towards the cost of training and assessing your apprentice. All you would need to do is:

  • agree a payment schedule with us (Nottingham College) as the training provider
  • pay us directly for the training

The government will then pay the rest (90%) up to the funding band maximum. Which will be paid directly to Nottingham College as the training provider.

Extra Funding

You could be eligible for extra funding depending on both you and your apprentice’s circumstances. Find out more here.

If you pay the levy

You’ll receive funds to spend on training and assessing your apprentices. The government will add 10%. Find out more about how we can help support you with the Levy on our dedicated Apprenticeship Levy section.

Find out more

For more information about how to take advantage of these opportunities, please contact us on 0115 945 7260 or email business@nottinghamcollege.ac.uk.