Training and development is an investment. But isn’t everything in business? It’s good to know that there are always new schemes and grants, funding options and claw-backs to make it more affordable.
We work in connection with both Government and local authorities who look to support businesses through supporting their staff training and recruitment.
Grants to support staff training, recruitment, capital investment on buildings and equipment are often available to local employers.
West Suffolk College will help advise your organisation if any grants are available and work with you to ensure you have all the details required.
Current Grants and Funding
The taxman giveth, but not until he hath taken away… This is a tax initially, but the money you pay is held in a training account to spend on Apprenticeships.
European Social Fund Grants Available for Management Training
Our European Social Fund project - Emerging Leaders, has been extended for a further 9 months.
The project will fund bespoke management training tailored to your company's requirements. The training can be on your premises or at one of the college's campuses. Several employers have already benefited from the funding available with their employees increasing their skills and confidence in management.
This funding must be spent by March 2019.
When you employ trainees, the government funds the classroom training they receive.
Making room in your business to assist potential employees with disabilities can have surprising benefits. Supported internships are fully government funded.
LIFT: Local Investment in Future Talent - Norfolk and North Suffolk
The Local Investment in Future Talent (LIFT) programme is a delegated grant scheme for voluntary, community and social enterprises (VCSE) and other relevant organisations who can deliver a range of employability and skills support projects in the rural areas of Norfolk and North Suffolk.
LIFT is delivered through three funding strands are:
- LIFT Jobs - enables organisations to engage with individuals who face barriers to work and move them into, or closer to, employment
- LIFT Trials- helps organisations deliver tailored support for businesses so that they are able to offer a range of work experience to individuals who have limited or no workplace experience
- LIFT Skills - assists organisations to deliver personalised skills support for people employed in rural businesses
There is just over £1m grant funding available for eligible projects up to spring 2020. The funding split available for eligible projects across the three strands is as follows
- LIFT Jobs £290,000
- LIFT Trials £440,000
- LIFT Skills £440,000
Grants from £5,000 to around £50,000 are available. However, the maximum LIFT grant you can apply for is limited to 50% of the costs of delivering your project. You will need to have identified the remaining 50% of your project funding before your project starts.
Other opportunities are often available
For more information about current grants, funding and investment opportunities, visit the New Anglia Local Enterprise Partnership website here.