| Qualification | Full value of qualification | Employer/Learner contribution |
| Customer Service L2 | £1500.00 | £150.00 |
| Customer Service L3 | £2000.00 | £200.00 |
| Business Administration L2 | £2000.00 | £200.00 |
| Business Administration L3 | £2500.00 | £250.00 |
| Business & Prof Administration L4 | £4000.00 | £400.00 |
| Management L3 | £2000.00 | £200.00 |
| Management L4 | £2000.00 | £200.00 |
| Management & Leadership L5 | £2500.00 | £250.00 |
| Playwork L2 | £1500.00 | £150.00 |
| Playwork L3 | £2500.00 | £250.00 |
| Children & Young Peoples W L2 | £2000.00 | £200.00 |
| Early Years Educator L3 | £2500.00 | £250.00 |
| Loan funded only
|
||
| Early Years Advanced Practitioner L4 | £811.00 | Nil |
| L5 L&M in HSC & CYPS | £2882.00 | Nil |
| Business & Administration Management L6 | £2500 (approx.) | Nil |
| 16-18 only
|
||
| £1000 Employer and Training provider bonus, no 10% payable by Employer | ||
| Functional Skills
|
||
| Maths L1 & 2 | £471.00 per qual | Nil |
| English L1 & 2 | £471.00 per qual | Nil |
| ICT L1 & 2 | No funding above the basic funding band | Nil |
Employer contributions will be paid via standing order, monthly.
Overview of funding to be paid by the Employer
| Course cost | Employer 10% contribution | Monthly payment to be made by Employer |
| £1500.00
|
£150.00 | £10.00 |
| £2000.00
|
£200.00 | £13.34 |
| £2500.00
|
£250.00 | £16.67 |
| £4000.00
|
£400.00 | £26.67 |
Pyramid Training are not VAT registered, however some larger Training Providers are so signing a learner up with Pyramid could work out cheaper than our competition.
Don’t forget there is a 100% national Insurance allowance for employing an Apprentice (under the age of 25) so it is still very much a viable option for most Employers.
Pyramid training offer all our learners (free of charge) over £600 worth of Professional Development training
Clearly employing an Apprentice comes with some great benefits!
HMRC link
The post New rates for Apprenticeship after May 2017 appeared first on Pyramid Training.
