Large employers pay into an apprenticeship levy scheme.
Small employers share the cost of training and assessing apprentices with the government. This is called ‘co-investment’. The employer currently pays 5% towards the cost of apprenticeship training and the government pays 95%, up to the funding band maximum, which is £5000 for floristry. Co-investment funding is paid direct to the training provider, not the employer.
Employers access training funds by setting up a government-run apprenticeship service account, where they can:-
get apprenticeship funding
find and save apprenticeships
find, save and manage training providers
recruit apprentices
add and manage apprenticeships.
Some training providers will do all of this on behalf of the employer. For more information visit the UK Government's Apprenticeship resource hub.
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