Changes to Apprenticeship Funding
Posted On: 27th December 2019
Employers who do not pay the apprenticeship levy can now access funding. From January 2020 employers who do not pay the apprenticeship levy (those employers with an annual payroll bill under £3 million) will be able to apply for funding through an online digital account. They will be able to ‘reserve’ funding for an apprenticeship in advance of recruitment or, an offer of an apprenticeship being made to an existing employee. By ‘reserving’ these funds on the digital account, employers will be able to plan the training with their preferred training provider and their employee.
After the plans are made and all parties are happy to commence the training, the funding will be released to the training provider by the EFSA in the usual way.
If you would like more information on how to set up your digital account and how you can reserve funding, then contact us:
01926 355560 ask for Sarah or Tracy or email email@example.com
This is what some of our apprentices have to say about their apprenticeship: https://lnkd.in/gUhm2Dm