CHANGES TO THE APPRENTICESHIP LEVY

C

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.

About the author

Kevin McManus

Kevin McManus is Chief Operating Officer (COO) at UCAN.

To arrange inductions for your staff please contact UCAN at 01278 452 015 and speak to Kevin McManus.

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By Kevin McManus

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