Employers who pay the Levy and have sufficient funds in their digital account:
Funds will be taken from the digital account on a monthly basis and transferred to Aspiration Training Limited Automatically.
Employers who do not pay the Levy and employers with insufficient funds in their digital account:
The Government contribution will be paid, in equal monthly instalments, directly to Aspiration Training Limited by the Education and Skills Funding Agency. The 10% mandatory employer contribution will need to be paid either by direct debit or in one payment at the start of the programme.
Employers that recruit and train a 16-18 year old apprentice will be eligible for 100% Government funding if they have less than 50 employees. All employers are eligible to receive a Government grant of £1000 for each 16-18 year old apprentice subject to terms and conditions