In April 2017 government introduced a new approach to funding. All apprenticeships, whether frameworks or standards, have been allocated one of 15 funding bands, ranging from £1,500 to £27,000.
For the Water sector the funding rates are:
- £3,500 – Level 2 Framework
- £12,000 – Level 3 Framework
- £12,000 – Level 3 Standard
These amounts are now the maximum amount of government funding available for an individual apprenticeship at each level. If an employer agrees a price with a training provider above these levels then the difference would have to be funded by an employer contribution.
These funding levels are also the cap for any government ‘co-investment’ where an employer does not pay the levy or has insufficient funds in their digital account and is eligible for extra support.
There is an additional £1,000 of funding payable to both the Employer and the Training Provider if the apprentice is 16-18 years old.
Apprenticeship funding is governed by rules laid down by the Education & Skills Funding Agency which detail the obligations for both employers and training providers.
The Employer is now required to enter into a contract with the Education & Skills Funding Agency to access the Digital Apprenticeship Service so enabling it to spend the apprenticeship levy.