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 information on the costs associated with offering apprenticeships and the Apprenticeship Levy Contact our Business Development Team
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