Apprenticeship funding is changing for the new Trailblazer Apprenticeships and the existing SASE frameworks, which continue to run alongside the new Trailblazers.
The new funding plans are due to be confirmed in the next few weeks but are still under consultation at the moment and may be subject to change.
You can find out more about the funding Levy here.
Key funding points – as of August 2016:
- Non-levy paying employers will co-invest with the government to pay for apprenticeships (SASE Frameworks and new Standards). Employers will co-invest 10% and government will contribute 90%.
- The government will fund 100% of the cost of apprenticeship training for a 16-18 year old for businesses with fewer than 50 employees.
- All employers will receive an incentive payment of £1000 for employing a 16-18 year old apprentice. The training provider will also receive an incentive payment of £1000 for delivering apprenticeship training for a 16-18 year old.
So if you are a small employer or work for a small employer (less than 49 employees) you will get 100% funding. This will also be the case if you are aged between 16 – 18 years old.
If you work for or are a larger employer (49 + but not a Levy payer) you can receive up to 90% funding for apprenticeship training.
Other employer incentives are available through apprenticeship funding, as well as Varsity Training’s offers, so please get in touch to discuss any questions you may have in relation to the costs of training.
As soon as the final arrangements have been agreed this page will be updated.