Investing in apprenticeships is easy, and how you do so depends on whether or not your company pays the Apprenticeship Levy.
Email email@example.com to request a Firebrand Apprenticeships cost overview - include your name, company and phone number.
Where you have an annual paybill over £3million, you’ll pay 0.5% of that total paybill into the Apprenticeship Levy. Your payments are monthly, and they’ll show in your Apprenticeship Service account as soon as they’re made.
If your business is committed to investing in IT apprenticeships, you’ll be able to get more out than you pay into the Levy through co-investment from the government. For every Levy payment, you’ll receive an extra 10% top-up in your Apprenticeship Service account, so every £1,000 will be increased to £1,100 in value.
You can only use funds in your account to pay for apprenticeship training and assessment for apprentices that work at least 50% of the time in England, and only up to the funding band maximum for that apprenticeship.
If the costs of training and assessment go over the funding band maximum, you will need to pay the difference with other funds from your own budget.
You can’t use funds in your account to pay for other costs associated with your apprentices (such as wages, statutory licences to practise, travel and subsidiary costs, work placement programmes or the setting up of an apprenticeship programme).
Read the apprenticeship funding rules for full details of what you can and can’t pay for with funds from your apprenticeship service account.
If your annual paybill is under £3million, the government pays for 95% of the total training costs (called 'co-investment'). This means you can access award-winning accelerated IT training at a fraction of the cost when you invest in apprenticeships.
If you do not pay the levy, you cannot use the Apprenticeship Service to pay for apprenticeship training and assessment yet.
Instead, you’ll need to agree a payment schedule with and pay Firebrand directly for the training. The provider must prove that you have paid your contributions as a condition of government paying its contribution.