We work with a number of partners to secure funding for some the training programmes we deliver. We can help you make sense of the funding streams available and identify the most appropriate funding for the training you wish to access. It’s important to say that we don’t make the rules or have eh final say over the eligibility of a learner.
Do you have a salary bill of more than £3 million?
You will contribute 0.5% of your annual salary bill into the apprenticeship levy. The 0.5% will be paid through a payroll tax. Funding can be used to train up existing staff (including graduates), or to recruit apprentices of any age. Funding can be used to up-skill employees (including graduates), or to recruit apprentices of any age. You can access your funds through an online digital account. These funds will expire after 24 months. For every £1 that enters your digital account you will get £1.10 to spend through a 10% top-up from the government.
Education & Skills can work with you to maximise the effectiveness of your levy pot. We’ll put together a organisational wide training plan based on your levy contributions and developmental requirements.
Do you have more than 50 employees and a salary bill of less than £3 million?
The government will contribute 90% of your training costs, you will contribute the final 10%. Funding can be used to train up existing staff (including graduates), or to recruit apprentices of any age. You may be eligible for a cash payment towards the training, depending on the Apprentices age and additional needs.
Do you have less than 50 employees and a salary bill of less than £3 million?
You won’t make any contribution to the apprenticeship levy. All training will be fully funded by the government for 16-18 year olds and 90% for 19+ Apprentices, you will contribute the final 10%. Payment can be made in monthly instalments. Funding can be used to up-skill employees (including graduates), or to recruit apprentices of any age. You may be eligible for a cash payment towards the training.
As an employer you can receive a payment towards the additional cost associated with training if, at the start of the apprenticeship, the apprentice is:
You can apply for an Advanced learner loan to help with the costs of a course at a college or training provider in England. Loan eligibility doesn’t depend on your income and there are no credit checks. Check if you’re Eligible before you apply for an Advanced Learner Loan.
You’ll have to pay your loan back when both the following apply:
Whether you qualify for an Advanced Learner Loan depends on your age and nationality or residency status You must be 19 or older on the first day of your course.
You must usually:
You may also qualify if you’re:
Repayments start the April following the completion of your course. You pay back your loan (plus interest) when you finish your course and earn more than £21,000 a year. Your repayments will stop if your income drops below £21,000 a year. Your annual repayment amount will be 9% of any income you earn over £21,000. Example Your monthly repayments would be: • £7 a month – if you earned £22,000 a year • £30 a month – if you earned £25,000 a year Making repayments Your employer will work out your repayments and take them out of your salary with your tax.
If you’re self employed, you make repayments as part of your Self Assessment tax return. You can pay some or all of your loan at any time without an extra charge.
Leave or change your course
You’ll have to pay back any money that’s been paid to your college or training provider (plus interest) if you leave or change your course after 2 weeks or more. The interest rate will be the rate of inflation. Speak to your college or training provider to see if they can transfer the loan to another course.
First Level 3 Entitlement If you're aged between 19 to 23 you're entitled to have your first Level 3 qualification fully-funded. In practice this means that you'll be able to access funding funding for any of the Level 3 courses we deliver as long as you have yet to achieve a Level 3 qualification, an A-Level for example.
Through our partnership with directly funded organisations we're able to access HEFCE funding for our students undertaking appropriate courses such as HNC's or HND's. This funding comes in the form of a student loan via Student Finance England. To find out more about how this funding works please visit https://www.gov.uk/apply-online-for-student-finance