Apprenticeships are funded through the Apprenticeship Levy and/or co-funded by an employer and the Education & Skills Funding Agency (ESFA).
Apprenticeships provide a structured learning and development programme for employees. This is achieved through a combination of paid work and training.
Apprenticeship EligibilityTo be eligible to become an apprentice you must :-
- be aged 16 or above
- be from within the EU and has lived in the UK for at least 3 years
- not be in full time eduction
- be employed for at least 30 hours per week
Apprenticeship Levy Funding
Employer’s with a payroll over £3m in England pay a 0.5% levy each month through their PAYE. These funds are collected and held in an online apprenticeship service account only to be accessed by the employer for funding Apprenticeships in their business.
Working with our experienced team, we can ensure you maximise the return on your levy funds. We will ensure your apprentices will receive the training they require to progress in their roles and boost your company’s performance and productivity.
Co-funding Apprenticeships between an employer and ESFA
Employers with a payroll below £3m in England jointly co-fund apprentices in their business. The ESFA contributes 90% of the funding for the apprenticeship and the employer contributes just 10%.
Contact us now to take advantage of this excellent funding opportunity so your business can begin to benefit from Apprenticeships straight away.
The European Social Fund also co-funds all Apprenticeship delivery in the UK.