The way in which your apprenticeship is funded will depend on the age of your apprentice and your annual turnover.
Apprentice Age: 16-21 or 22-24 and a Care Leaver or has an Education Health Care Plan
Apprenticeship training and assessment will be fully funded.
If your apprentice is aged between 16-18 or 19 – 24 and is a care leaver or has an Education and Health Care plan, you will receive an additional £1000 Government payment.
The government will fund 95% of the apprenticeship training and assessment costs. The remaining 5% will be paid by the employer.
You will already be paying the Apprenticeship Levy.
The Apprenticeship Levy is a mandatory government tax that will be payable by all UK employers with a pay bill over £3million. You will contribute 0.5% of your annual salary bill into the Levy. The government will add a 10% top up.
The levy is collected through monthly HMRC deductions and the amount you pay will be credited to the apprenticeship. The monies you build up in your apprenticeship service account is yours but must be spent on apprenticeships. It cannot be used on wages or other staff expenses. You have 24 months to spend levy funds.
If your apprentice is aged between 16-18 or 19 – 24 and is a care leaver or has an Education and Health Care plan, you will receive an additional £1000 Government payment.
To access apprenticeship funding, all employers are required to set up an Apprenticeship Service Account. Click here for more information.
For further information and for full costs of all of our apprenticeships please contact us on 0161 280 8650 or email apprenticeship@burycollege.ac.uk.
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Two former Bury College students have won Greater Manchester Colleges Alumni Awards. T Level graduate Holly Clarke and Hair Professional Apprentice Lucy Hardman were recognised for their impressive achievements since leaving college, showcasing the skills and ambition nurtured during their time at Bury College.
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Find out how former catering student Matt Hall has turned his passion for cooking into a restaurant in the heart of Ramsbottom.
Representatives from Bury College were among the many local professionals who gathered at the Bury Means Business networking event last week.
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Hear from our students at our recent Art, Design, and Media Exhibition, and see some of the wonderful art our students have produced.
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Find out how our Public Services students have volunteered their time to review and provide feedback on police stop and search procedures.
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Find out how the Northern Gateway development is helping to bring new jobs to Greater Manchester, and how this project is helping to inspire our students.
