Funding Options

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Funding Options

Since April 2017 the way in which apprenticeships are funded has changed and is based on how many employees and the size of your pay role.

However whatever the size of your organisation we will advise you on how you will get the maximum benefit for your organisation.

Organisations with a
salary bill of
less than £3m

but has more than 50 people on pay role

Salary bill of
more than £3m
Contribute
5%
of total training costs (monthly installments)
Contribute
0.5%
of your annual salary bill into the Apprenticeship levy
Funding available to train up existing staff or recruit apprentices (even those at degree level) Train existing staff or recruit apprentices using funds that will be located in your digital account. (These funds expire after 24 months)
16-18 year olds 100% Government funded for organisations under 50

£2,000
cash incentive for recruiting an apprentice under 25

Plus the existing £1000 for any 16-18

1st August 2020-

31 January 2021

£1500

cash incentive for recruiting an apprentice over 25

1st August 2020- 31January 2021

 

 Get out more than you put in
For every £1 that enters your digital account, you get £1.10 to spend

£2000

cash incentive for recruiting an apprentice under 25

1st August 2020 -31 January 2021

£1500

cash incentive for recruiting an apprentice over 25

1st August 2020- 31 January 2021

 

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