EDO Help with Funding

 

Apprenticeships are a wonderful way for individuals to access the workplace or to change career, and for employers to grow and develop their teams without breaking the bank.

Until a learner 19th birthday, learners are entitled to be employed on a fully funded Apprenticeship at whatever level suits the job they are doing and their previous educational level of achievement.

Intermediate Apprenticeship is equivalent to 5 GCSE passes

Advanced Apprenticeship is equivalent to 2 A Level passes.

From 19 years to a day before their 24th birthday, an Apprenticeship can also be funded for the most part, although a small investment may be required from the employer in support of the programme. Please contact EDO for clarification on the contribution you may be asked to make for the specific programme you’re interested in.

Learners aged 24 plus can fund most of an Apprenticeship Framework through an advanced learning loan, which is non-contributory until a leaner earns more than £21,000 per year, with the employer making a small contribution too.

Things you need to know –

Apprentices have to be employed from the day they start their programme, and provided with an apprenticeship Agreement/Contract of Employment.

Apprentices have to be contracted to work for a minimum of 30 hours per week.

Apprentices of all ages can be paid a special minimum wage of £2.68 per hour, although we find that most employers pay more voluntarily, and pretty much all of them build in quarterly reviews which give the apprentices the opportunity to increase their earnings by meeting agreed targets in terms of performance.

Engaging apprentices aged between 16 years and 24 years entitles the employer to claim an AGE Grant of £1500 to £3000 depending on location towards the cost of employing, equipping and supporting the apprentice in the workplace. Please do call EDO to find out more.

Apprenticeships can have an incredibly positive effect on your business and everybody in it.

See below for more information for apprentices and employers.

http://www.apprenticeships.org.uk/employers.aspx

http://www.apprenticeships.org.uk/be-an-apprentice.aspx

Find out about funding for apprenticeships