Small & Medium Sized Employers – Government Co-investment
Only Contribute 5% of the Total Cost
If your company payroll is less than £3m, you will not have to pay the Levy. Co-investment means non-levy paying employers, who have over 50 employees, will only have to pay 5% of training and assessment costs, with the government paying 95%. This means, for every £5 invested in an apprentice, the Government will contribute a further £95!
If, however, your business has under 50 employees and the apprentice is under 19, there will be no cost to your business and training will be fully funded by the government.
For more information, please contact us.