Employer Costs & Funding

As of the 6th April 2019, the way the government funds apprenticeships in England changed.

Small & Medium Employers

Employers with a salary bill of under £3 million a year are now required to make a 5% contribution to the cost of apprenticeship training and the government will pay the remaining 95%. You will pay the 5% 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.  

Large Employers

Employers operating in the UK, with a salary bill over £3 million a year, are now 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)

For more specific information you can also see Gov.uk 

You can find information regarding:

8th July 2020 Government Update

On the 8th July, the Government announced that from August 2020 to January 2021, any organisation that hires a new young apprentice aged 16-24, will receive £2,000, while those that hire new apprentices aged 25+, will receive £1,500.

This is in addition to the existing £1,000 incentive the Government already provides for new apprentices aged 16-18, and those aged 25 and under with an Education, Health & Care Plan where that applies.

This means, employers could receive up to £3,000 for hiring 16-18 year old apprentices during this 6 month incentive scheme. 

Contact our Business Development Team

We can discuss with you the costs associated with offering apprenticeships and the apprenticeship levy, or any other questions you may have regarding apprenticeships or training and development options.

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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