Your 5% contribution will be paid directly to Baltic, who are on the registered list of approved training providers, the list is provided by the Education and Skills Funding Agency.
The cost of the apprenticeships will be discussed with your training provider and will need to adhere to the funding caps for different qualifications, in the same way as larger firms that pay the Apprenticeship Levy, this is called ‘co-investment‘.
The government will then pay its share up to the funding cap limit for your chosen apprenticeship.
All government apprenticeship funding will come from the Apprenticeship Levy pot, a proportion of which will be allocated to support apprentices in non-levy paying employers.
Any member of staff under the age of 25 who is enrolled on an apprenticeship programme will not be subject to national insurance contributions.
Funds: 16-18 year olds
Once the levy is introduced, the government want to make sure that employers are still encouraged to take on 16–18 year old apprentices and are considering offering payments to help meet the additional costs of training and managing younger apprentices. If this happens, it will be paid to you via the training provider.
Why choose Baltic?
At Baltic we understand the importance of bringing in new talent to help fill the skills gap. All of our training is delivered online, saving you time and cost on travel and accommodation.
For more information on the courses available, please speak to a consultant on the live chat, or call us on 01325 731053.
View our apprenticeship programmes here.