If you’re an SME in the Tees Valley area, did you know that up to £3,500 is available to you for employing Apprentices?
The Tees Valley Apprenticeship Grant for Employers (TVAGE Grant) is available to all Tees Valley based small and medium sized businesses employing Apprentices aged 16 to 24 who are following an Apprenticeship Framework.
What grants are available?
The TVAGE Grant provides a core grant of £2,500 per Apprentice.
An additional incentive payment of £1,000 per Apprentice is available if the employer:
- starts an Apprentice on a Higher Apprenticeship equivalent to NVQ Level 4 and above; or
- progresses a young person from a completed Traineeship to an Apprenticeship.
When will this be available?
The grant is available for new Apprentices aged 16-24 years old who start their learning, between 1st August and 31st December 2016. It is accessed through their training provider who must be SFA registered.
Profound Services works closely with a number of government bodies and the work we do is in direct response to key components within the governments and Skills Funding Agency’s (SFA) training agenda. This means we are aware of new legislation, work schemes and funding packages – we are ready to advise you on the best options for your commercial training and employment needs.
Please note funding is allocated on a first come, first served basis.
Which employers are eligible to receive this funding?
Tees Valley Employers with up to 250 employees, who have employed an Apprentice (aged 16 to 24) who started their learning between 1st August and 31st December 2016.
Employers will be required to commit to:
- employ the Apprentice for the duration of their Apprenticeship training (a minimum of 12 months); and
- pay at least the Apprenticeship National Minimum Wage.
TVAGE Grant payments will be made in full upon completion of eligibility checks once the Apprentice has been employed for 13 weeks.
To find out if you're eligible, please contact Profound Services on 0191 587 4570 or email email@example.com.