Government co-investment funding changes for non-levy paying employers

 

 Government contribution for non-levy paying organisations has been increased from 90% to 95%

There’s been a few amendments in how Apprenticeships are to be funded for SME organisations and we wanted to keep you up to speed with all the changes that have taken effect from 1st April 2019.   If you are an SME that isn’t required to pay into the Apprenticeship levy pot, then you may know that if you want to employ a new Apprentice or up skill an existing member of staff then the Government will co-invest or pay 95% of the cost of an Apprenticeship Standard or Framework with you the employer contributing only 5% of the cost.

As an example; if you decide you need to recruit an Apprentice in your office the cost of a Business Administration Standard is £5000 meaning the Government will co-fund £4,750.00 and the cost to you the employer is £250 To up skill a manager; the cost of the Team Leader/Supervisor is £4,500 so the Government will co-fund £4,275.00 with your contribution being just only £225.00. There’s no changes if you are non-levy employing less than 50 staff, recruiting or up skilling existing staff aged 16-18 years are still fully funded.

There is also a £1000 incentive for any levy or non-levy employer who recruit or up skill an Apprentice aged 16-18 years. If you are a levy payer but have exceeded your levy pot then the new changes to co-investment apply to you to.    

To find out more about how you can take advantage of the Government co-investment apprenticeship funding please call us on Freephone: 0808 100 1155      


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