The apprenticeship programme is tailored to the employer – you are in the driving seat. Therefore, you decide which standard and which individual will meet your business needs and we will support you through the process.
The apprenticeship provides a framework for systematically building the skills level within an organisation therefore giving you the skills you need for future growth. As well as bringing fresh ideas and an abundance of enthusiasm, it is estimated that for every £1 spent on an apprentice, they contribute £28 to the employer, an excellent return on investment.
If you have a wage bill of more than £3m, then the cost of training will be funded through your Levy pot, this can be accessed through your Digital Apprenticeship Account, which our advisors can assist you with. We can also provide guidance on how employers can maximise their levy pot and meet corporate and social responsibility objectives through targeted levy spend.
If you do not have a wage bill of more than £3m or over, you will only have to pay 5% of the training costs and the Government will pay the remaining 95%. As an example, if you were looking at having a Business Administration Level 3 apprentice the training would cost only £250, if you were looking at a Masters in Leadership Level 7 the training cost would only amount to £1350.
Employers may also be entitled to additional benefits including:
Nothing! However, employers must have the following in place before starting the apprenticeship programme:
As well as the funding support detailed above, the Solent Apprenticeship Hub can help with the following:
All of this and more is a free and impartial service to employers, use the contact us form below to arrange your visit today.
The Solent Growth Hub offers free advice and guidance to businesses in the Solent area and acts as your first point of contact for any business support related queries. Contact them or visit their website – The Solent LEP Growth Hub