Information for businesses
The Apprenticeship Levy
NTU's EESDDE Degree Apprenticeship tuition fees are set at £27,000. As of May 2017, employers may be required to contribute to an apprenticeship levy. However, every employer within the UK, regardless of whether they are required to pay into the levy, can benefit from degree apprenticeship funding. How much a company contributes to the levy, and how much funding is available to them, is dependent on their annual pay bill.
- Employers with an annual salary bill of £3 million or more, or are connected to other companies, or charities for Employment Allowance which in total have an annual pay bill of £3 million or more, will pay 0.5% towards the apprenticeship levy. Employers in this category will then receive £15,000 back each year they contribute.
- Employers with 50 or more employees who have an annual bill of less than £3 million will not be required to contribute to the apprenticeship levy. However, they will have access to 90% Government funding for apprenticeships.
- Employers with less than 50 employees will not have to contribute to the apprenticeship levy, however they will potentially have access to 100% Government funding for apprentices aged up to 24. Employers that wish to offer a degree apprenticeship to someone over the age of 24 will be required to pay 10% of tuition fees.
Benefits for business
As well as maximising the opportunity presented by the Government's new Apprenticeship Levy, there are many tangible benefits to investing in degree apprenticeships within your business. By delivering on-the-job training alongside a world-class degree, businesses can tailor learning to their specific needs, meaning apprentices can begin applying practical knowledge to their role from day one.
NTU have teamed up with leading experts in the Engineering field, including Bombardier, JCB and the Institute of Engineering and Technology to create a uniquely bespoke course specifically aimed at teaching apprentices the skill and knowledge needed to be successful during live projects within the workplace from day one.
As well as this, NTU is committed to investing over £50 million in science, technology, engineering and maths facilities, giving apprentices direct access to the very latest cutting-edge and industry standard facilities and equipment. This includes the Interdisciplinary STEM Teaching and Engagement Centre (ISTEC) due to open in late 2017, and soon-to-be completed, state-of-the-art Engineering Teaching and Learning Building.
NTU has also recently been awarded the Queen's Anniversary Prize for research - the highest award achievable, with our General Engineering research output being ranked an impressive 95% world-leading or internationally excellent. This ensures apprentices have the opportunity to work alongside world-class researchers who are delivering research recognised for making a substantial impact in the world today.