Apprenticeships are funded from contributions made by both the government and employer.
As an Apprenticeship Levy paying organisation you can use your apprenticeship levy to pay the training costs for your direct headcount apprentices; or – you can use the levy transfer solution to pay for the ‘off headcount’ apprenticeship training costs. Apprenticeship Levy paying employers can transfer up to 25% of their non-exhausted Apprenticeship Levy fund to us, to pay for the apprenticeship training of apprentices.
As an SME you can benefit from up to 95% Government funding to cover the training costs of your apprenticeship delivery, you pay the 5% co- investment fee to contribute to the training costs i.e. if apprenticeship ‘training’ costs £100 you would be responsible for £5 of the costs*.
The Flexi-Job Apprenticeship Agency manage all funding arrangements
Please reach out to us today to learn how we can help you maximise your Apprenticeship Levy.