Skills learnt on an Apprenticeship will increase your employee’s ability to do their job, enhancing their performance and ultimately your bottom line. The more skilled your employees become, the bigger impact they can have on your business.
Engineering apprenticeships at Highbury College are incredibly flexible and can easily evolve to meet the changing skills needed in your business. There are six mandatory units and over 80 optional units, allowing you to build your ideal apprenticeship framework.
You can get help from the government to pay for apprenticeship training and assessment. The amount you get depends on whether you pay the apprenticeship levy or not. You will pay the apprenticeship levy if you're an employer with a pay bill over £3 million each year.
As an employer who doesn’t pay the apprenticeship levy, you will need to pay the training provider directly for training your apprentices. You pay 10% towards the cost of training and assessing your apprentice. The government will pay the rest (90%) up to the funding band maximum. They’ll pay the funds directly to the training provider.
Employers with fewer than 50 people working for them will not have to pay the 10% contribution for an apprentice who is aged between:
- 16-18 years old
- 19-24 years old and who has previously been in care or who has an Education, Health and Care plan provided by their local authority
The government will pay 100% of the training costs for these individuals, up to the funding band maximum.
All employers will receive £1,000 if, at the start of the apprenticeship, the apprentice is aged between:
- 16-18 years old
- 19-24 years old and who has previously been in care or who has an Education, Health and Care plan provided by their local authority
This payment will be made to the employer in two equal instalments via the training provider.
Employers of apprentices under the age of 25 will no longer be required to pay secondary Class 1 (employer) National Insurance contributions (NIC) on earnings up to the Upper Earnings Limit (currently £40,000), for those employees. This is up to a 13.8% saving on everything the apprentice earns over £8,424 a year for the employers of apprentices.
Date 18/02/2019