Apprenticeship Funding for Small and Medium Businesses\t\t \t\tIf you don't pay The Apprenticeships Levy then this page will explain everything you need to know about funding apprenticeships within your business.This guide will cover how to access apprenticeship funding, what contributions you'll need to make, what grants are available and will also cover some common FAQs we're often asked about funding an apprentice.\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\tHow Much Will It Cost To Fund an Apprentice?\t\t \t\tIf your business pays less than \u00a33 million in payroll each year, the government will cover 95% of the costs of your apprentice's training. The training must be carried out through a registered training provider.You can learn more about how much apprenticeship training costs below. As an employer, you'll only need to contribute 5% of the training fees. You'll may also be able to access apprenticeship grants.If you're a very small business and have less than 50 staff, the government will fully fund apprenticeship training for any apprentices you take on who are 16-18.\t\t \t\t\tHow Will My Business Fund Apprenticeships?\t\t \t\t\tApprentice under 19 years old\t\t \t\t\tApprentice 19 years or older\t\t \t\t\tYour business has less than 50 employees\t\t \t\t\tApprenticeships will be fully funded by the government\t\t \t\t\tYour business will contribute 5% of the overall cost of funding an apprentice\t\t \t\t\tYour business has more than 50 employees\t\t \t\t\tYour business will contribute 5% of the overall cost of funding an apprentice\t\t \t\t\tYour business will contribute 5% of the overall cost of funding an apprentice\t\t \t\t\tYour business pays out more than \u00a33million in payroll each year\t\t \t\t\tYou will need to fund apprentices using your apprenticeships levy pot\t\t \t\t\tYou will need to fund apprentices using your apprenticeships levy pot\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\tHow Do Businesses Access Apprenticeship Funding?\t\t \t\tAny business that would like to take on an apprentice, or use an apprenticeship to upskill their staff, must register with the online Apprenticeships Service.\u00a0\t\t \t\t\t \t\t\t\t\t\tCreate an Apprenticeship Service Account \t\t\t\t\t \t\t\tHow Much Will an Apprenticeship Training Provider Charge?\t\t \t\tTraining providers price their courses using the government's official maximum funding bands. Generally, a Level 2 - 3 qualification will cost around \u00a32,000 - \u00a33,000. A degree level apprenticeship could cost up to \u00a327,000.But don't forget, as an employer you'll only contribute a maximum of 5%, and the government will cover the remaining fees.\u00a0That means a Level 2 qualification could cost your organisation as little as \u00a3100. A complete level 7 degree could cost as little as \u00a31,350. That's much more affordable to your business than putting an employee through a part-time university degree.\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\tTips for Funding Apprenticeships\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\tDid you know? If you're a small business who regularly works with a larger business that pays the Apprenticeships Levy, they can opt to let you use some of their Apprenticeship Levy pot funding, to fully cover the costs of apprentices. \t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\tCurrently you can access grants as part of the government's coronavirus recovery plan to support apprenticeships. Take a look at this post to learn more. \t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t \t\t\t\t\t\t \t\t\tLearn More About Apprenticeship Funding\t\t \t\t\tWant to Know More?