As of the 6th April 2017, the way the government funds apprenticeships in England changes.
Employers with a salary bill of under £3 million a year will be required to make a 10% contribution to the cost of apprenticeship training and the government will pay the remaining 90%. You will pay the 10% directly to a provider such as Shipley College in monthly payments over the length of an apprenticeship with an agreed payment schedule. As you and the government make a payment, it is called ‘co-investment’.
For more information see Apprenticeship Levy information for Small & Medium Employers (With A Salary Bill Of Under £3m)
Employers with fewer than 50 employees can receive additional financial support- please Contact Our Business development Team who can help you with this process.
Employers operating in the UK, with a salary bill over £3 million a year, will be required to contribute to a new Apprenticeship Levy. Employers can then access funds to train existing staff as well as new apprentices.
For more information see Apprenticeship Levy information for large employers (With a pay bill of more than £3 million)
The Apprenticeship Levy will not affect any apprentices who started an apprenticeship programme before 1st May 2017.
For more specific information you can also see Gov.uk
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Our professional, friendly staff will be happy to provide you with further information or visit you at your place of work.
Contact the Business Development Team
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