Funding Optimising apprenticeship funding

APPRENTICESHIP FUNDING

There are two ways in which apprenticeships are funded:

  • Apprenticeship Levy – For businesses that have a salary / pay bill over £3m
  • Co-Funded Apprenticeships – For employers with a salary / pay bill under £3m

Employers with a pay bill of less than £3 million a year will not need to pay the levy. At least 90% of non-levy paying employers’ apprenticeship training and end point assessment costs in England will be paid for by the government. The government will ask these employers to make a 10% contribution to the cost, paid directly to the provider, and the government covers the rest. This cost will be spread over the lifetime of the apprenticeship. The government is offering additional support to organisations with fewer than 50 employees by paying 100% of training and assessment costs for their apprentices aged 16-18. 

What is the Levy?

The Apprenticeship levy is part of the government’s plan to increase the quantity and quality of Apprenticeships and support the drive to start 3 million Apprenticeships in England by 2020.

Any business with a payroll of over £3m will have to pay the levy. The levy rate is 0.5% of your total employee pay.

Our apprenticeship levy calculator will provide you with your rate. 

Apprenticeship Funding

If you need to understand more or want to explore how to optimise apprenticeship funding then please contact our team of advisors
Speak to an advisor on 01423 740440

Services

Funding

+ Apprenticeship Levy
+ Co-Investment
+ ROI Analysis
+ Digital Account

Delivery

+ Apprenticeship Frameworks
+ Apprenticeship Standards
+ Quality
+ Compliance

Recruitment

+ Skills Gap Analysis
+ Training Needs Analysis
+ Vacancy Advertising
+ Candidate Matching

Upskilling

+ Leadership & Management
+ Graduates
+ Existing Staff
+ Skills & Qualifications