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