The cost of putting an employee through an apprenticeship

One barrier to businesses training their employees is the worry of cost. Many have had to tighten their purse strings in the past few years, so the additional cost of training courses isn’t always possible for SMEs.

There are ways in which businesses can put their teams through apprenticeship courses for little or no cost. If a business does not pay into the Apprenticeship Levy, which we will touch on later in the article, the government will fund 95% of the cost of training an apprentice. With just a 5% contribution required from the employer, this usually equates to a few hundred pounds. If a business employs fewer than 50 people, that contribution increases to 100% for apprentices aged 16-18 or aged 19-24 with an education and healthcare need.

However, in England, an employer that has an annual bill of