What is the employer support fund?

The employer support fund will offer financial assistance to employers providing T level industry placements

CREDIT: This is an edited version of an article that originally appeared on gov.uk

The government is launching a one-year employer support fund to provide financial assistance to employers offering T level industry placements in the financial year 2023-24.

What the employer support fund is for?

From April 2023 employers can claim funding to cover legitimate costs associated with hosting a T level industry placement student. This could include:

• set-up costs;
• equipment;
• staff training.

Eligibility

Any employer who offers a suitable placement opportunity for a T level student is eligible to claim for legitimate costs; however, claims cannot be made for placements that started before April 1, 2023.

Funding

Employers will receive the funding from the T level provider where the student is studying, and the amount will be allocated based on the number of T level students. Employers will need to provide basic information about their business, as well as evidence of the costs they are claiming for, as part of a short declaration form.

The provider will be responsible for:

• validating claims;
• making the payment to the employer once a start date has been agreed or once a placement has commenced;
• reporting back to DfE on the claims they have paid out via an online tool.

Further information

The T level industry placements employer guide contains further information on how to:

• get involved as an employer;
• find out how to be matched with a T level provider;
• deliver an industry placement.