Funding can be confusing, Apprenticeships, Advanced Learner Loans, Adult Education Budget (AEB) and Self-Funded courses are all funded in different ways. Our experts are able to advise and offer a variety of options to support your training.
Below is a table to show what type of courses can be funded and what options are available to you:
Summerhouse Training offer a wide range of Apprenticeships in the following sectors:-
- Business Administration
- Customer Service
- Team Leading
- Adult Care
See below for more information on how these Apprenticeships are funded or contact us if you cannot see your sector
Advanced Learner Loan
We offer advanced learner loans to those wishing to retrain or up-skill with no upfront costs for Level 3 and above qualifications in the following sectors:-
- Business Administration
- Customer Service
- TAQA Assessor and Verifier Qualifications
- Adult Care
See below for more information.
Adult Education Budget (AEB)
AEB is another type of funding which is available to help you up-skill or retrain we offer this for:-
- Approved One Day Beauty CPD Courses
- Functional Skills English and Mathematics
- First entitlement full L2 and full L3 courses
Eligibility for this type of funding is very strict so please contact us for more information
An apprenticeship is a real job with training which would allow you to earn while they learn, whilst gaining a nationally recognised qualification.
All apprenticeships will include elements of on the job and off the job training leading to industry recognised standards or qualifications.
Currently, Apprenticeships are part funded by the Government and are required to be:
- Employed with a contract of employment.
- Working a minimum of 30 hours a week
- In a new or changing job role
- Needs significant knowledge building
As of the 1st May 2017 the way the government funds apprenticeships, in England has changed. Some employers will be required to contribute to a new apprenticeship levy, with changes to the funding for apprenticeship training for all employers.
Employers that are too small to pay the levy will have to pay 10 per cent of the training costs, with the remaining 90 per cent paid for by the government. Employers with fewer than 50 people working for them will not have to pay towards training costs of 16-18 year old apprentices (or 19-24 year olds whom have an Education Healthcare Plan) as this will be 100 per cent met by government.
Apprenticeship funding can be confusing but our team of experts are here to help please contact us with any questions or queries.
Advanced Learner Loans
Want to Retrain with NO upfront cost? For our full level 3 courses you may be eligible to apply for an Advanced Learner Loan to help with some or all of the costs of a course. It is easy to apply for, doesn’t take your household income into account and doesn’t involve a credit check. You’ll only have to pay your loan back at a monthly rate once you earn more than £25,000 per annum (from April 2018)!
What if I never earn more than £25,000 per annum?
Currently if you do not exceed an annual salary of more than £25,000 your loan will never be repaid, but you can make voluntary repayments before then.
Can the 19+ Advanced Learning Loan be written off or cancelled?
Normally any outstanding loan you have will be written off 30 years after it becomes eligible to be repaid.
If you receive a disability-related benefit and are permanently unfit for work, it will be cancelled.
Who is eligible for a 19+ Advanced Learning Loan?
To be eligible for the loan you must be:
•19 or older on the first day of your course (there’s no upper age limit)
•living in the UK on the first day of your course, and have lived in the UK, the Channel Islands or the Isle of Man for 3 years immediately before this starting your course on or after 1 August 2016
Is there a maximum amount of Loan available?
The course fees of our courses eligible for the 19+ Advanced Learner Loans can be entirely covered by the loan amount you are able to take out. However, if you wish to take out a smaller amount (not less than £300) and fund the rest yourself, you are able to do this. You are also able to take out a maximum of four learner loans.
Is 19+ Advanced Learning Loan available to students with existing qualifications?
Yes, previous qualifications that learners have achieved do not affect their ability to apply for a Loan to gain new qualifications.
You may also be eligible for money from the Advanced Learner Loan Bursary Fund if you need help with some costs while studying, e.g. childcare, travel or trips related to your course Contact Us for more information or Click Here for more information regarding eligibility, how to apply, repayments and bursary funding.
Currently apprenticeships are funded by the government for any business that are interested in taking on 16-18 apprenticeships or to up-skill their current workforce. This can be provided via an accredited training provider such as Summerhouse Training.
As of the 1st May 2017, the apprenticeship levy requires all employers operating in the UK, with a pay bill over £3 million each year, to make an investment in apprenticeships. The levy will be charged at a rate of 0.5% of your annual pay bill.
If an employer is not eligible for the levy and would like to train an apprentice, your business would be required to “co-invest’ 10% of the cost of the apprenticeship training and assessment and benefit from government funding to cover the remaining 90% of the cost. If you employ 49 people or less and recruit a 16 -18 year old the government will pay 100%.
For more information on the Apprenticeship Levy including Q&A and a guide Click Here
- Summerhouse Training offer a range of self funded options including full courses, transport exams, Beauty CPD and many more – contact the team today to discuss your individual options and payment requirements.