Support with apprenticeship costs
Non-levy paying employers will share the cost of training and assessing their apprentices with the government - this is called ‘co-investment’. Employers must pay 5% towards the cost of apprenticeship training and the government will pay the rest, up to the funding band maximum, which is £9,000 for the International Freight Forwarding standard. You could be eligible for extra funding depending on the circumstances of your company and apprentice.
Manage your apprenticeship training and assessment
At present, if you do not pay the levy you will not be able to use the apprenticeship service to pay for apprenticeship training and assessment.
Instead, you’ll need to agree a payment schedule with your chosen provider and pay them directly for the training.
The provider will be able to manage everything for you and they must provide evidence that you have paid your contribution as a condition of government paying the final 95%.
Are you making full use of the apprenticeship levy?
Since 6th April 2017, employers with a pay bill over £3 million each year have been liable to pay the apprenticeship levy to HMRC through the PAYE process.
Levy-paying employers can then create an account on the Apprenticeship Service in order to spend levy funds on apprenticeships, manage their apprentices and manage payments to training providers.
For more information visit pay-apprenticeship-levy
Transferring apprenticeship service funds to another employer
Did you know that if you don’t plan to use all of the funds in your apprenticeship service account, you can now transfer up to 10% to another employer to support them in taking on apprentices?
This could be very useful for an SME and by doing so you’re also adding to your own corporate social responsibility programme. By offering employers the flexibility to transfer funds, the National Apprenticeship Service is enabling larger companies to support smaller employers within the sector or local area.
For more information visit transferring-apprenticeshipservice-funds