If you are an employer with a pay bill of less than £3 million a year, you will not need to pay the levy and fall under the co-investment model. This means that the government will fund 95% of the apprenticeship training costs, and you will fund the remaining 5% of these costs, which starts at just £75.00. You will pay your training provider directly for this, and your training provider will then claim the rest of the funding from the government as your staff member progresses through their apprenticeship qualification.
The government also offers at £1,000 incentive payment to employers who train a 16-18 year old (or up to 24 if the learner has previously been in care or who has a local authority education, health and care plan). This is to try and encourage employers to recruit new talent into their business via an apprenticeship, as well as up skilling existing staff using this training route.