How does the funding work?
If your payroll bill is over 3 million you can access funding through your digital account system, if you have insufficient funds the government will pay 90% of the funding band rate and you will be required to co invest 10%, typically by direct debit on a monthly basis.
If your payroll bill is under 3 million and you have more than 49 employees, the Government will pay 90% of the funding band rate and you will be required to co invest 10%, typically on a monthly basis.
If you have fewer than 49 employees and want to recruit a 16-18 year old or a 19-24 year old on a Healthcare Plan the Government will fully fund this for you. For all the other apprentices the Government will pay 90% of the funding band rate and you will be required to co invest 10%, typically by direct debit on a monthly basis.
