Through the Share to Support service, small to medium sized business in the West of England can access funding support to cover the training costs of an apprentice. This could be a new recruit or someone in your business who needs to do an apprenticeship. The fund is made up of contributions from large employers who gift their unspent apprenticeship levy to support small businesses.
The levy is paid at a rate of 0.5% of an employer’s annual pay bill.
As an employer, you have to pay the Apprenticeship Levy each month if you:
have an annual pay bill of more than £3 million, are connected to any companies or charities for Employment Allowance purposes, and have a combined annual pay bill of more than £3 million.