Employer Information - Apprenticeships
Costs, funding, apprenticeship levy and incentives
Here, we explain the apprenticeship funds available to organisations and how to access them before they expire. We also highlight how utilising Government funding leads to more cost-saving benefits.
Apprenticeship training costs are partially or wholly met through Government funding. The funding level employers receive depends on whether or not the employer pays into the Apprenticeship Levy.
Organisations, which have an annual wage bill over £3m pay an apprenticeship levy of 0.5% of that bill. Government tops this up by 10% which can be spent on apprenticeship training.
Plus, where an organisation fully utilises its levy, the cost of any additional apprenticeship training to the employer is only 10% because Governbment will fund the remaining 90%.
Please be aware that the apprenticeship levy, which cannot be used for any other purpose, will expire if it remains unused after 24 months.
Government will meet 95% of the cost of apprenticeship training if the employer does not pay into the levy. The employer must fund the remaining 5%. This amounts to:
• £125.00 for Level 3 Business Fire Safety Advisor apprenticeship
• £400 for Level 4 Fire Safety Inspector apprenticeship
• £1,350 for Level 6 Fire Safety Engineer (Degree) apprenticeship
See Institute for Apprenticeships and Technical Education website for apprenticeship funding bands.
Additional funding to support apprenticeships may be available in the form of incentive payments, depending on the employer and apprentice’s circumstances.
Contact email@example.com to find out more about how Xact can help you access Government apprenticeship funding.
Note: Information provided applies to England and may be different for devolved nations.