IF YOU HAVE TO PAY THE APPRENTICESHIP LEVY
Some employers will need to contribute to a new apprenticeship levy.
If you are a levy-paying employer you will need to register for the apprenticeship service so you can manage your apprenticeship funds. You will be able to pay for training and assessment from your account.
Government will apply a 10% top-up to the funds you have to spend in your account.
From the 1st April 2019 if you don’t have enough funds in your account to pay for apprenticeship training, you must co-invest 5% of any outstanding balance; the government will pay the remaining 95% up to the funding band maximum allocated to a particular apprenticeship. If you exceed the funding band maximum, you will need to pay all the additional costs.
IF YOU DON’T HAVE TO PAY THE APPRENTICESHIP LEVY
If you don’t pay the levy, you won’t need to use the apprenticeship service to pay for apprenticeship training and assessment until a later date.
We will ask you to make a 10% contribution to the cost of apprenticeship training and government will pay the remaining 90% up to a maximum amount of funding allowed for the apprenticeship you have chosen. You will have to meet, in full, any cost (including for end-point assessment) which is above the funding band maximum. You will pay your contribution to your training provider over the lifetime of the apprenticeship.
ADDITIONAL FUNDING AND SUPPORT
You could also be eligible for additional funding and support, depending on your apprentice’s circumstances or if you are a small employer employing fewer than 50 employees.