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APPRENTICESHIP APPRENTICESHIP ADULT LEARNING LOAN PRIVATE FUNDING
STARTS UP TO 30 APRIL 2017 STARTS FROM 1 MAY 2017 (annual payroll under £3m*)
Age 16+ 16+ 19+ Any
Qualifications Levels 2, 3 Levels 2, 3 Levels 3, 5 Any
Costs No cost to employer or learner No cost to learner.   Mandatory 10% employer contribution payable on registration (waived for employers of under 50 staff if apprentice under 19) No cost to employer. Learner takes out student loan for up to the full cost of the qualification Full cost payable (by learner or employer)
L2   £240 incl Vat L2   not applicable L2   £1,800 incl VAT
L3   £300 incl VAT L3   £2,220 incl VAT L3   £2,220 incl VAT
L5   not applicable L5   £2,880 incl VAT L5   £2,880 incl VAT
Government bonus of £1000 paid to employer for each apprentice under 19. No repayments until annual earnings exceed £21,000. Repayments are related to the amount of earnings, not the size of the loan. Any outstanding balance written off after 30 years Payable over 9, 11, 14 months respectively. 10% discount for full upfront payment
Conditions All apprentices must be employed for at least 16 hours per week All apprentices must be employed for at least 16 hours per week
Minimum apprenticeship duration of 12 months (extended where the apprentice works for less than 30 hours per week) Minimum apprenticeship duration of 12 months (extended where the apprentice works for less than 30 hours per week)
Employers are expected to allow apprentices paid time for off the job training/study All apprentices must, by law, have 20% of their paid time reserved for off the job training/study
Reduced minimum wage applies for apprentices in their first year or under 19 Reduced minimum wage applies for apprentices in their first year or under 19 Normal minimum wage rules apply Normal minimum wage rules apply
GCSE maths and English (required for Early Years Educator) Delivered free as part of an apprenticeship Delivered free as part of an apprenticeship Fully funded for anyone aged 19+ without grade C (subject to availability of funding, otherwise £480 incl VAT per subject excluding exam fees) Fully funded for anyone aged 19+ without grade C (subject to availability of funding, otherwise £480 incl VAT per subject excluding exam fees)
*Employers with an annual payroll above £3m will be subject to the apprenticeship levy from 1 May 2017 and will be able to use their levy ‘pot’ to purchase training at our standard apprenticeship rate (£2,400 L2, £3,000 L3 incl VAT)