01773 829 121

admin@greysealacademy.co.uk

Grey Seal Apprenticeships Training Recruitment Unit 3,

The Heritage Business Centre Derby Road, Belper. DE56 1SW

Funding and Incentives

Apprenticeship Levy

If you are an employer that has a payroll value in excess of £3m you will be paying into the Apprenticeship Levy; you will be paying 0.5% for the sum over £3m which is monthly pro rata. The levy and the new Apprenticeship standards put employers in the driving seat and open up a new world of funded training possibilities.

We will advise on other areas of funding or cost savings available such as:

  • additional 10% from the government to be paid into your Levy pot

  • no employers NI to pay for staff under 25 who are on an apprenticeship

  • additional funding worth for when your levy pot has been used

  • additional £1,000 employer payment for apprentices aged 16-18

  • 100% funding for maths and English - not taken from your levy account

  • extra funding for staff that have additional needs

  • advice on what training can be funded

Non Levy Businesses

We will ensure you are making the maximum financial benefit from your training program.  This not only involves making you aware of funding and and other financial benefits but also ensuring you have a return on investment by ensuring training is meaningful and addresses issues within the organisation.

  • 90% funding for employees on program for any age 19+ and any level e.g., up to degree

  • no limit on number of employees on program

  • 100% funding for 16-18 year olds for employers with under 50 employees

  • additional employer payment of £1,000 for apprentices aged 16-18

  • no employers NI to pay for staff under 25 on an apprenticeship

  • 100% funding for maths and English

  • extra funding for staff that have additional needs

  • advice on what training can be funded

We will ensure you are making the maximum financial benefit from your training program.  This not only involves making you aware of funding and and other financial benefits but also ensuring you have a return on investment by ensuring training is meaningful and addresses issues within the organisation.