Co-investment is when employers share the cost of training and assessing apprentices with the government.
Your organisation may need to pay some of the cost, but the government will pay the rest up to the funding band maximum. If the apprenticeship started:
- after 1 April 2019, your organisation must pay 5%
- before 1 April 2019, your organisation must pay 10%
Your account will automatically go into co-investment if you do not have enough apprenticeship funds to pay for training and assessment.
You cannot carry apprenticeship costs into the next month.
Employers that do not pay the levy
If your organisation does not pay the levy, then it always co-invests with the government. The maximum amount your organisation will pay for apprenticeship training that started:
- after 1 April 2019 is 5% of the total cost
- before 1 April 2019 is 10% of the total cost
Your organisation could also get extra funding.