In England apprenticeships are either paid for by the apprenticeship levy or through the process of co-investment. Large employers with a payroll of more than £3 million will pay the apprenticeship levy and can use the resulting fund towards apprenticeship training.
Non-levy paying companies will fund apprenticeships through the process of co-investment: the employer pays 5% of training costs, with the government topping up the remaining amount.
In the Devolved Nations such as Scotland, Northern Ireland and Wales, apprenticeships are still government-funded. Lifetime supports partners in navigating devolved funding.
Have more questions? Read our guide to the apprenticeship levy for more information about apprenticeship funding rules or visit our Knowledge Hub for all your apprenticeship questions answered for employers.