The Apprenticeship Levy
If you’re an employer with a payroll in excess of £3 million each year, you must pay into the apprenticeship levy. Any apprentices you choose to hire or utilise to upskill your existing workforce would be paid from this.
Since April 2020, employers with a payroll of less than £3 million are required to ‘reserve funding’ prior to starting an apprentice. They do this through the Apprenticeship Service, so, if you choose Shrewsbury Colleges Group as your training provider, we will fully support you in this process, which is a lot simpler than it sounds!
Co-investment support (for employers with a payroll of less than £3M)
As non-levy paying employers, you share the cost of training and assessing your apprentices with the government. What that means is that you pay 5% towards the cost of apprenticeship training and the government pay the rest (95%).
- Employers with less than 50 employees get full funding for training 16-18 year old apprentices
- ALL employers receive a £1,000 grant for recruiting a 16-18 year old
- ALL employers receive an additional £3,000 for recruiting an apprentice of any age (until 30 September 2021)