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Apprenticeships Funding and Incentives

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The size of your business and the age of your apprentice determines the amount your company contributes towards the cost of an apprenticeship.

Levy Paying Employers

If your company has an annual pay bill of over £3 million:

Your company will pay a monthly Apprenticeship Levy (0.5% of your annual pay bill) to HMRC.

The Government will top-up this amount by an additional 10%.

Your levy funds will be stored in a digital account, which can be used to pay for apprenticeship training and must be used within 24 months.

Non-Levy (Co-Investment) Employers

If your company has an annual pay bill of less than £3 million:

If your apprentice is aged 16-21, or up to the age of 24 and has an Education, Health and Care Plan or has been in the care of the local authority, the government will fund 100% of the apprenticeship training costs.

If your apprentice is aged 22 or over, you will contribute 5% towards the cost of the apprenticeship. The government will pay the remaining 95%.

Payment plans are available to companies paying the 5% contribution.

Incentive Payments

All employers will receive £1,000 for apprentices who are aged 16-18 or 19-24 years old and have been in care or have an Education, Health and Care Plan.

This payment will be made to the employer in two equal instalments of £500 via St Helens College, in the first year of the apprenticeship.

Employers

Apprenticeships Funding and Incentives

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Levy Paying Employers

Your company will pay a monthly Apprenticeship Levy (0.5% of your annual pay bill) to HMRC.

The Government will top-up this amount by an additional 10%.

Your levy funds will be stored in a digital account, which can be used to pay for apprenticeship training and must be used within 24 months.

Non-Levy (Co-Investment) Employers

If your apprentice is aged 16-21, or up to the age of 24 and has an Education, Health and Care Plan or has been in the care of the local authority, the government will fund 100% of the apprenticeship training costs.

If your apprentice is aged 22 or over, you will contribute 5% towards the cost of the apprenticeship. The government will pay the remaining 95%.

Payment plans are available to companies paying the 5% contribution.

Incentive Payments

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Employers

Apprenticeships Funding and Incentives

Share page:

Levy Paying Employers

Your company will pay a monthly Apprenticeship Levy (0.5% of your annual pay bill) to HMRC.

The Government will top-up this amount by an additional 10%.

Your levy funds will be stored in a digital account, which can be used to pay for apprenticeship training and must be used within 24 months.

Non-Levy (Co-Investment) Employers

If your apprentice is aged 16-21, or up to the age of 24 and has an Education, Health and Care Plan or has been in the care of the local authority, the government will fund 100% of the apprenticeship training costs.

If your apprentice is aged 22 or over, you will contribute 5% towards the cost of the apprenticeship. The government will pay the remaining 95%.

Payment plans are available to companies paying the 5% contribution.

Incentive Payments

Let’s get social

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Quick links

Log in:

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