There is a similar article for employers.
Co-investment is when employers share the cost of training and assessing apprentices with the government.
The employer 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, the employer must pay 5%
- before 1 April 2019, the employer must pay 10%
The account will automatically go into co-investment if levy-employers do not have enough apprenticeship funds to pay for training and assessment.
Employers cannot carry apprenticeship costs into the next month.
Employers that do not pay the levy
If the employer does not pay the levy, then they always co-invest with the government. The maximum amount the 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