summerhouse-training-courses-gloucester Apprenticeship Funding

Apprenticeships combine practical training in a job with study. As an apprentice you’ll:

  • Work alongside experienced staff
  • Gain job-specific skills
  • Earn a wage and get holiday pay
  • Get time for study related to your role (usually one day a week)

Apprenticeships take 1 to 5 years to complete depending on their level.

All apprenticeships will include elements of on the job and off the job training leading to industry recognised standards or qualifications.

Who can apply

You can apply for an apprenticeship while you’re still at school. To start one, you’ll need to be:

  • 16 or over by the end of the summer holidays
  • Living in England
  • Not in full-time education

Apprenticeship Funding

summerhouse-training-courses-gloucester Funding Apprenticeships

Pay the apprenticeship levy – If you’re an employer with a pay bill over £3 million each year, you must pay the apprenticeship levy from 6 April 2017. https://www.gov.uk/guidance/pay-apprenticeship-levy

Changes for employers who don’t pay the levy – Support with apprenticeship costs.

Non-levy paying employers will share the cost of training and assessing their apprentices with government – this is called ‘co-investment’.

The co-investment rate has changed for new apprenticeships starting on or after 1 April 2019. You will now pay 5% towards the cost of apprenticeship training. The government will pay the rest (95%) up to the funding band maximum.

All apprenticeships that started before 1 April 2019 will continue at the previous co-investment rate of 10%.

For more information please visit https://www.gov.uk/government/publications/apprenticeship-levy-how-it-will-work or contact the Apprenticeship employer helpline. Telephone: 0800 0150 600

Email: nationalhelpdesk@apprenticeships.gov.uk

Apprenticeship funding can be confusing but our team of experts are here to help please contact us with any questions or queries.

For free Independent Financial Advice, please visit the Money Advice Service

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