Apprenticeship funding for SMEs
If your business has a pay bill of under £3million you will be required to contribute 5% of the total apprenticeship cost and the Government pays the remaining 95%. In certain circumstances, additional costs may apply based on vocational sector and type of qualification.
If you are a business with fewer than 50 employees and you’re employing an apprentice aged 16-18, the Government will fund 100% of the cost of apprenticeship training.
Total People will guide you through all of the funding and co-investment processes.