Apprenticeship Funding Reservation Reset for Non-Levy Employers
As of 1st June 2022, the reservation levels for non-levy employers has been reset to 0. This means that non-levy employers can now reserve funds in their apprenticeship service account for up to 10 apprenticeship starts. Any reservations made prior to 1st June 2022 can be converted to starts within the new reservation period without counting towards reservations for the 2022-2023 financial year.
How Does This All Work?
Employers who do not pay the apprenticeship levy are able to reserve funds for up to 10 apprenticeship starts. These funds cover 95% of the cost of the apprenticeship (up to the funding band maximum) and is paid by the government directly to your training provider. Non-levy employers will then cover the remaining 5% cost.
In order to reserve the funds, employers will need to input the apprenticeship start date and standard. Employers will need to negotiate the cost of training an assessment with their training provider. The government will fund any costs up to the maximum funding band and anything over this will need to be funded by the employer.
For more details and information on how to reserve funds, please see the government website.
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