Apprenticeship funding for employers
Funding is also available for employers who employ Apprentices or who to wish to upskill their existing staff by putting them on Apprenticeship programmes. The funding for Apprenticeships is split into two sections, Levy and Non Levy Payers.
For businesses that are non Levy payers (A business with a pay bill less than £3 Million) The employer will only be required to pay 10% of the Apprenticeship cost with the remining cost being topped up by the Government which is referred to as a co-investment.
Employing a 16- 18 year old Apprentice will receive full funding for Apprenticeship training costs, where a Levy or Non Levy payer.
There maybe additional funding for employees aged 19- 24 years. For more information on this please do not hesitate to contact us.