FUNDING
Funding explained for people wanting to take a course at Mode
If you want to do an apprenticeship at Mode, the Government usually provides funding. Also, a contribution is normally made by the company you will be employed by.
Besides Government financial support, there is also the option of taking out an advanced learning loan This is providing your course is a level 3 or above, and you are 19 or over.
Finally, you have the option of paying for a course privately.
Funding explained for employers
There is Government assistance available for employers who want to take on an apprentice. Generally, this is 90% of costs of training and assessment. Importantly, this is for employers who have a staff wage bill of less than £3m. So employers with a bigger wage bill must use their apprenticeship levy funds instead. Apprentices’ wages must be paid for by the employer.