Funding

Funding

Apprenticeship Funding

The Source Academy is a nationally approved supplier of apprenticeships. We offer flexible apprenticeship programmes in a wide range of occupational areas and we can work with your organisation to achieve the right mix of business training and qualifications to meet your requirements. Our team of experts can help you understand the rules and guidance for all employers about provision available, ensuring you receive the best value for your apprenticeship funds.

The government are currently offering incentive payments for employers who take on trainees and apprentices. Organisations can receive a £1,000 grant per trainee and up to a £2,000 grant per apprentice, in addition to a £1,000 grant per 16 - 18 year old apprentice. These grants are paid in instalments within the learner's training period.

The government also use an apprenticeship levy to fund apprenticeships across the UK.

Businesses with a payroll bill of over £3 million per annum will pay 0.5% of their wage bill into the Levy. Businesses who have a wage bill less than £3 million will be able to access funding based on the size of their company.

The Source have been working with employers across the UK since the Apprenticeship Reforms, including the Levy, came into force in April 2017. We have supported hundreds of companies to access funding to recruit new apprentices or upskill their current workforce using an apprenticeship.

Click on the links below to find out what the apprenticeship levy means for your business:
 

Information about the Apprenticeship Levy
What will my business pay?
What can my business spend funds on?
Digital Apprenticeship Service
Further Information

Funded Training

Our Commercial Training offer is supported by funding from the European Social Fund (ESF) and Education & Skills Funding Agency (ESFA).

To find out if your business is eligible for funding, please contact training@thesourceacademy.co.uk

For more information about our training courses please click here.

About Skills Support for the Workforce

Skills Support for the Workforce (SSW) is a training initiative funded by the European Social Fund (ESF) and Education & Skills Funding Agency (ESFA). The Source Skills Academy are your local training provider who organise the funded training and provide evidence to the Funders that the training has taken place.

What Funded Training Means to Individual Participants

The Funders require that any individual taking SSW funded training should have an appropriate level of English and maths, provide proof of identity and address, plus allow The Source to collect your basic personal information to share with the Funders.

Please see important information about the collection of personal information, identification and evidence below:
 

Evidence of an Appropriate Level of English and Maths
Providing Proof of Identity and Address
Collecting Personal Information to Share with the Funders
Once and Done!