Funding Routes

Are you eligible for fully funded training?

You may not be aware, but there are a variety of ways in which your course could be funded. This will in the main depend on your individual circumstances. 

There are some funding streams still available, however theses tend to become oversubscribed very quickly, please call to speak to a member of staff who will give you advice on what is currently available.

The funding streams we use are:

Apprenticeships (Work Based learning)
Further Education (16-18 year olds)
Adult Responsive (19+ Adults)

Learning in the Workplace (16+ years)

24+ Loans (24+ years)

 

Apprenticeship Funding

 

Apprenticeship funding is available to candidates aged 16-24 years who are employed with a contract of employment by a trade appropriate company for at least 30 hours a week. Our Apprenticeships are specific to the Gas & Plumbing Industry and are delivered over 12 months at one day a week or weekends depending on the employer’s requirements.

 

Employ an Apprentice

MPower work closely with our employers and are keen to offer incentive packages to any looking to recruit an apprentice, this includes advertising, recruitment, selection of candidates, preparation of contracts and employment documentation.

We also provide a range of free courses for employers who either place their own apprentice with us or are willing to provide a work placement for one of our existing apprentices.

As an employer you may be entitled to receive a £1,500 grant for each apprentice you employ (up to a maximum of 10 per company) which increases to £3,000 per apprentice if you are based in London. (Subject to eligibility)

 

 

24+ Loans

Candidates wanting to undertake a level 3 or 4 course starting from 1st August 2013 will have to apply for the government’s new advanced learning loan.

The amount of money you can borrow depends on the course you are applying for. There are no credit checks and household income is not taken into account when applying for the loan.

The loan is then only repaid once you have finished your course and are earning more than £21,000. When you are on this salary the repayments are taken directly from your wages through the tax system.

If you want to make voluntary payments you can do so at any time.

 

How much will you repay?

 

Income each year

Monthly income

Monthly repayment

Up to £21,000

£1,750

£0

£22,000

£1,833

£7

£25,000

£2,083

£30

£30,000

£2,500

£67

£35,000

£2,916

£105

£40,000

£3,333

£142

Contact Details

MPower Training Solutions Group

Head Office
181 Brooker Rd
Waltham Abbey
Essex
EN9 1JH

MPower : Training Solutions Group Email:contact@mpowertraining.co.uk

MPower : Training Solutions Group Tel:+44(0) 1992 769 696

MPower : Training Solutions Group Map:View address google maps

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