The Education and Skills Funding Agency Funding

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In April 2017 the way the government funded apprenticeships in England changed.

All employers are now required to contribute to staff being nominated onto an apprenticeship. Based on the size of the company, will determine how much is contributed by the employer and how much the Education and Skills Funding Agency (ESFA) will fund.

 

The apprenticeship levy requires those businesses with a pay bill of over £3 million each year to make investments in apprenticeships. However, with the right support, you can benefit from this investment by training your current employees, as well as any new staff, putting them all through an appropriate apprenticeship and making the levy valuable for you as long as their is significant new learning needed.