The 98% of businesses that don’t fall into the category of levy paying companies for apprenticeship training can still access funds to support their apprenticeship training requirements. These are companies with an annual wage bill of less than £3 million.
Currently the government will fund 90% of the agreed price for the training and the employer will pay the remaining 10% to the training provider of choice.
An example of how this works can be shown below:
- Employer chooses the Improvement Practitioner (Lean & Six Sigma Green Belt) standard in band 8 at a cost of £6,000.00