Funding for Workforce Development
Reskill your workforce
Close skills gaps
Boost productivity
Who we work with
Funding overview
There are several routes available for businesses to provide skills development and recruitment.
SMEs (annual wage bill under £3m)
95% of the training is already covered
Large employers (annual wage bill over £3m)
You already pay the apprenticeship levy, so you have a pot of funds to spend on apprenticeships
Additional needs
There are also extra grants available for apprentices with additional needs.
How does funding work for SMEs?
Guidance for SMEs
Affordable apprenticeships to grow your business
Apprenticeships are a cost-effective way for small and medium-sized enterprises (SMEs) to develop skilled employees and grow their businesses. Here's how funding works and how you can benefit:
- 100% Funded for 16–18-Year-Olds: The government covers the full cost of apprenticeship training for apprentices aged 16–18
- 95% Funded for 19+ Apprentices: For apprentices aged 19 or over, the government funds 95% of the training costs, with your business contributing just 5%
- SMEs can benefit from levy transfers, where larger levy-paying employers share their unused funds to fully cover apprenticeship training costs for your business.
Download our free SME guide
Interested in more information? Download our free SME guide to workforce development and start growing your team’s skills today.
Free SME Guide
How funding works for larger Levy-paying organisations
Here’s how the levy works and how your business can benefit from it:
The apprenticeship levy is a government initiative to encourage investment in employee training.
- Levy-paying businesses contribute 0.5% of their annual payroll to the apprenticeship fund
- Each employer has a £15,000 allowance to offset against their levy payment.
Accessing your levy funds
Your contributions are paid into a digital apprenticeship account, which you can use to fund apprenticeship training and assessment costs. You have 24 months to use your funds before they expire and are reallocated to other employers
Apprenticeship Levy transfers
Unused levy funds can be shared with other businesses to support their apprenticeship programs. You can transfer up to 25% of your annual funds to help SMEs or businesses in your supply chain to support local talent development while enhancing your corporate social responsibility efforts
Maximise your investment
Apprenticeships offer training across all levels, from entry-level to degree-level qualifications. They’re an excellent way to upskill your existing workforce, develop leadership and specialist skills and attract and retain top talent.
Talk to us about funding
Request a call back from one of our friendly advisors today.
Download funding infomation sheet
Our funding information guide is your essential resource to accessing apprenticeship funding through Total People
It outlines the process of reserving funds via the Government’s Apprenticeship Service portal and highlights how our expert team can assist with account setup, recruitment, and more.
Download this free resource and take the first step towards upskilling your workforce and driving business success today!
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