Apprenticeship funding

The government has issued a policy paper on apprenticeships that came into effect on 1 April 2024.

Apprenticeship funding is for:

• training providers who provide training for English apprenticeships
• organisations that provide end point assessment for English apprenticeships
• employers with a workforce in England
• individual apprentices

For new starts from 1 April 2024, where the employer does not pay the apprenticeship levy, the government will fund all of the apprenticeship training costs, up to the funding band maximum, for apprentices who are aged between 16 and 21 years old when they start their apprenticeship training.

From April 2024, the proportion of funds that levy-paying employers can transfer to other businesses will increase to 50%.

Click here to read more on the government website.

Source: slcc.co.uk