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.
Devolved funding for adults is also available. This funding is available to those:
- Over the age of 19
- Reside in Liverpool City Region
- Are unemployed or
- Earn less than £18,135
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 95% 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.