The Government have announced changes to the Co-Investment Fee for Non Levy Apprenticeship Employers.
For new Apprenticeship starts from 1 April 2019, this co-investment rate is changing. Employers who employ a learner above the age of 19 or have over 50 employees, will pay 5% towards to the cost of Apprenticeship training, and the Government will pay the rest (95%), up to the funding band maximum.
All Apprenticeships started before 1 April 2019, will continue at the current co-investment rate of 10% until completion.
If you are interested in taking on an Apprentice and want to find out more about the funding rates, have a look at https://www.kits-training.co.uk/apprenticeships/employer-info or contact our Employer Engagement Team on 01484 711462.