Apprenticeship Funding Explained
ARE YOU A LEVY PAYER? (PAY BILL OF MORE THAN £3M A YEAR)
YES
NO
IF THE TRAINING PROGRAMME COSTS MORE THAN YOU HAVE REMAINING IN YOUR LEVY ACCOUNT - YOU WILL PAY 5% TOWARDS THE COST *THE GOVERNMENT FUNDS THE REMAINING 95%
ARE YOU A SMALL EMPLOYER? (WITH 49 OR LESS MEMBERS OF STAFF)
YOU WILL PAY 100% OF THE TRAINING OUT OF YOUR LEVY TAX
YES
NO
IS YOUR APPRENTICE 16-18? (OR 19+ WITH AN EDUCATIONAL HEALTH CARE PLAN)
IS YOUR APPRENTICE 16-18? (OR 19+ WITH AN EDUCATIONAL HEALTH CARE PLAN)
THE GOVERNMENT WILL FUND 95% OF THE TRAINING COSTS - YOU WILL PAY THE REMAINING 5%
NO
YES
NO
YOU WILL RECEIVE £1,000 INCENTIVE £500 AFTER 90 DAYS £500 AFTER 12 MONTHS
YOU WILL NOT RECEIVE THE £1,000 INCENTIVE
YES
THE GOVERNMENT WILL PAY 100% OF THE APPRENTICESHIP TRAINING
IS YOUR APPRENTICE 16-18? (OR 19+ WITH AN EDUCATIONAL HEALTH CARE PLAN)
DID YOU KNOW?
AS A LEVY PAYER YOU ARE ABLE TO TRANSFER 25% OF YOUR LEVY FUND TO OTHER EMPLOYERS TO HELP THEM FUND APPRENTICESHIP TRAINING IF YOU DO NOT SPEND YOUR LEVY AFTER TWO YEARS OF IT ENTERING YOUR ACCOUNT, IT WILL EXPIRE – USE IT, DON’T LOSE IT EMPLOYERS CONTINUE TO BENEFIT FROM A 10% TOP UP TO MONTHLY FUNDS ENTERING THEIR ACCOUNT
YES
NO
YOU WILL RECEIVE £1,000 INCENTIVE £500 AFTER 90 DAYS £500 AFTER 12 MONTHS
YOU WILL NOT RECEIVE £1,000
As an employer you can upskill your workforce through an apprenticeship. If you are a levy payer you can use the levy to pay for the training. If you are a construction business, additional grants are available through CITB. An employer is required to pay an apprentice a salary. The National Minimum apprenticeship wage, regardless of age, is £5.28 per hour for the first year of their apprenticeship. This will rise to £6.40 in April 2024. Thereafter, it will rise to the National Minimum salary for their age.
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