Apprenticeship funding changes and bigger discounts for ACT members
Apprenticeship funding changes and bigger discounts for ACT members
Posted on 12 May 2017
With the recent changes to apprenticeship funding, it can now cost even less to take on an apprentice.
Whether you already have a member of staff in your business who wants to enhance their technical knowledge, or you're looking to take on a new member of staff and give them the skills they need to thrive, an Apprenticeship could be the right solution.
There have been significant changes to the way apprenticeship funding works, including the introduction of the Apprenticeship Levy and more support for smaller employers.
Larger employers (with an annual wage bill of over £3 million) are now required to pay 0.5% of their wage bill into a levy to be used towards funding apprenticeships.
Smaller employees, (with an annual wage bill under £3 million), do not have to pay a levy. They also benefit from additional funding, paying just 10% of apprenticeship costs, while the Government pays 90%.
ATG Training, provider of Cytech cycle maintenance apprenticeships, have been able to restructure the price of their apprenticeship programme thanks to the changes in government funding.
Putting an employee through the Intermediate Cycle Maintenance apprenticeship now costs just £500 in employer contributions, with a 20% discount for ACT members, making it just £400.
The Advanced Cycle Maintenance apprenticeship now costs just £995, with a 10% discount for ACT staff, at just £900.
Better still, companies with fewer than 50 employees that take on apprentices aged between 16 and 18 will have 100% of their training costs paid for.
ATG Training offers two apprenticeships for cycle mechanics:
- Intermediate Cycle Maintenance - for working mechanics who want more training and qualifications under their belts. This includes a Cycle Maintenance Certificate, Cytech technical two training (including wheel building) and qualification, Cycle Maintenance NVQ2 and Keyskills Level 1 or 2.
- Advanced Cycle Apprenticeship - for those who want more technical know-how after completing the standard apprenticeship. This includes the Diploma of Cycle Maintenance, Cytech technical three training and qualification, Cycle Maintenance NVQ3 and Keyskills at a minimum of Level 2.
To find out more click here, contact ATG Training on info@atg-training.co.uk or call 01296 737 800.