MIRA Technology Institute (MTI) will be taking part in National Apprenticeship Week, from 8th February – 14th February 2021. During this annual week-long celebration, MTI will be informing both employers and students about the benefits and opportunities of apprenticeships within Automotive Engineering.
What is an apprenticeship?
An apprenticeship is a genuine job with an accompanying assessment and skills development programme. It is a way for individuals to earn while they learn, and to gain valuable skills and knowledge within a specific job role. An apprentice will gain a wide variety of workplace learning, formal off-the-job training, and the opportunity to practice new skills in a live working environment.
Who are they for?
- Apprenticeships are perfect for individuals over the age of 16 looking to start a new career, reskill or upskill in current employment.
- Employers can offer apprenticeships to recruit new members of staff into their business or use them to develop the talent of existing employees.
Benefits of an apprenticeship:
- Earn while you learn
- Gain a recognised qualification
- Gain real work experience within an industry
- Receive support and advice from dedicated assessors
Apprenticeships With MTI
Studying with the MTI, you can progress from a Level 2 apprenticeship up to higher and degree level apprenticeship, or study for qualifications up to PhD level.
Whether you’re starting out in the industry or developing specialist and higher-level skills, the MTI is designed to support you on the journey.
- Level 2 Autocare Technician
- Level 2 Engineering Operative (Maintenance)
- Level 3 Engineering Technician (Product Design and Development Technician)
- Level 3 Engineering Technician (Technical Support Technician)
- Level 3 Motor Vehicle Service and Maintenance Technician
- Level 4 Engineering Manufacturing Technician
- Level 4 Propulsion Technician
- Level 6 Product Design and Development Engineer Degree Apprenticeship
- Level 6 Manufacturing Engineering Degree Apprenticeship
- Level 7 Postgraduate Engineer: Product Design and Development Apprenticeship
Apprenticeships for Employers
Training an apprentice is a productive and effective way for any business to grow talent and develop a motivated, skilled and qualified workforce.
An apprenticeship can also:
- Increase employee satisfaction
- Develop your existing workforce
- Reduce staff turnover
- Reduce recruitment costs
Funding for apprenticeships
Apprenticeships can be funded via the apprenticeship levy or ESFA funding depending on the status of a company, how many employees they have, and the age of their apprentice.
Levy – Companies with a PAYE bill of £3 million per year pay into an apprenticeship levy, the levy is utilised to cover the cost of the company’s apprenticeship training. Companies are also able to donate up to 25% of their unspent levy to smaller employers.
ESFA Funding – ESFA funding is available to any non-levy paying company and will fund 95% -100% of the cost of training depending on the age of the apprentice and the number of employees employed by the company. The employer would contribute the remaining 5% towards the cost of training if applicable
Levy transfer – Levy-paying employers can transfer unused funding to other businesses including those in their supply chain. You can use this funding to work with current employer partners, contact other businesses in your industry and work with regional partners. You can transfer a maximum amount of 25% of your annual funds. You can transfer these funds from your apprenticeship account to as many employers as you like.
For more information on the Apprenticeship Levy, click here!
Cash incentives – The governments ‘Plans for Job’ bonus for apprenticeships has been extended to 31 March 2021. Any business that hires a new young apprentice aged 16 to 24 will receive £2,000, while those that hire new apprentices aged 25 and over will be paid £1,500. Read more here.