APPRENTICESHIP COSTS HALVED SAYS NMDA
May 30th, 2019.


Smaller businesses looking to take on an apprentice will receive a financial boost this month as their contribution towards apprenticeship training is halved from 10 per cent to five per cent, reports the National Motorcycle Dealers Association (NMDA).


Non levy-paying businesses (those that have a wage bill of less than £3m per year), can now access extra funding for apprenticeship training and assessment through the shared government-employer co-investment scheme. Currently, the   government pays 90 per cent of the contribution and employers make a 10 per cent contribution, up to the maximum amount of funding available.

From now, apprenticeship contributions from the government will go up to 95 per cent, meaning non levy-paying organisations will now only pay a five per cent contribution to fund their apprenticeship programme. For example, if the cost of the Apprenticeship Standard was £11,000 – as the Motorcycle Technician Trailblazer Apprenticeship Level 3 and the digital marketer apprenticeship standard Level 3 – then under these new terms the government will pay £10,450, while the employer’s contribution will only be £550.


www.rmif.co.uk/en/nmda