Levy co-investment

As funds enter an employer’s DAS account monthly any co-investment will only apply to those Apprentices where they have insufficient funds in their account to make the monthly payment in that month. Where co-investment payments are due these will be identified in the period end co-investment report.

HTH

That's great thanks Martin, where does the cap of 100 apprentices come into it?

There is no limit to the number of apprentices a company can take on and fund from DAS, where did you read there was a CAP of 100?

Yes, you'll get partly levy funded and partly 95%/5% co-investment. The shortfall won't be spread across the apprentices, the levy funds the employer does have, will go to the "first" apprentices in order. The order is in the Technical Funding guide (P113-P129). If their levy funds were only able to cover one apprentice, and that apprentice withdrew, the levy funds would then start paying for the next on the list. You won't really know until you get the month end reports as Martin says. You can then use the Apps Monthly Payment report and the Co-Investment report to work out what they owe and for who. If you think some of the apprentices are never going to be levy funded, you could charge the 5% up front. You can always refund should it turn out that n apprentice did actually get covered by some levy funds before they finished. It's what we do when we're fairly sure they will be co-investment throughout, as it saves chasing up little bits of money here and there, and we're clear with the employer that we will refund if needs be.

Sorry Martin I meant to type a cap of 10 apprentices? a large employer has informed us that they have heard once they overspend on their levy they are only allowed to recruit a further 10.

No the CAP of 10 only applies to non-levy Employers

Ok thank you, in what circumstances would the cap of 10 apply to non-levy employers?

All non-levy employers who do not pay the Apprenticeship Levy can make up to 10 new reservations to fund new starts.