Apprenticeship Co-Investment Fee Halved from 10% to 5%

Apprenticeship Co-Investment Fee Halved from 10% to 5%

ITEC North East is delighted to share the news that on April 1st, the 10% co-investment fee for non-levy paying employers will drop to 5%.  If you are a small business with reservations about recruiting an Apprentice because of the 10% fee, this is great news for you!

 

Currently, an Infrastructure Technician Apprenticeship will cost you £1400. From Monday, April 1st, the new 5% fee to pay is ONLY £700! And this doesn’t only apply to new apprentices. If you’re looking to upskill existing staff, this is the perfect way to do it. Retraining your existing staff will give them the opportunity to expand their knowledge into other fields and to meet your business goals. It’s extremely cost-effective and the benefits it can have on your business are endless.

 

Please take a look at the apprenticeships we offer, and their revised employer co-investment costs:

IT Infrastructure Apprenticeship:

  • 10% fee – £1500
  • 5% fee –  £750

 

Business Administration Apprenticeship:

  • 10% fee – £500
  • 5% fee – £250

 

Digital Marketing Apprenticeship:

  • 10% fee – £1100
  • 5% fee – £550

 

Customer Service Apprenticeship:

  • 10% – £350
  • 5% – £175

 

Network Engineer Apprenticeship:

  • 10% – £1700
  • 5% – £850

 

Team Leader/Supervisor Apprenticeship:

  • 10% – £450
  • 5% – £225

 

Software Developer Apprenticeship:

  • 10% – £1800
  • 5% – £900

 

 

If you’re interested in recruiting an apprentice, or up-skilling your workforce, call one of our team members on 01325 320052. Or you can visit https://www.itecne.co.uk/contact/ and send us your query.

 

You can find more information on the apprenticeships we offer at https://www.itecne.co.uk/apprenticeships/.