Grants, Funding and Support
Futures for Business work with your business to support growth and development through effective use of their Apprenticeship Levy and other funding.
We make accessing funding to recruit or train your teams easy. Together we’ll make the most of your money.
Apprenticeship Funding
Businesses with an annual pay bill over £3m have been paying a 0.5% Levy to spend on apprenticeship training for their staff. You control the use of your levy to make sure your business will benefit from a motivated and inspired workforce with the practical skills you need. Your levy plus our guidance will help improve productivity through a capable and motivated workforce.
Need help with unspent funds?
After two years you will lose any unspent Apprenticeship Levy contributions and you will be unable to spend your money to benefit your business.
I need to know more about other ways to fund training?
Non-Levy payers fund their apprenticeship training through co-investment. A business pays a 5% contribution and government funding pays the rest.
Incentives – businesses receive additional incentives for employing and training 16-18 year olds or those aged between 19 and 24 and on an education, health and care (EHC) plan or has been in the care of the Local Authority.