Type 1: Co-Funded
Description: Co-funded applicants remain with their current employer but transition to a new role after completing the training. Since the employer benefits from the applicant’s new skills, they are required to contribute towards the cost of training.
Contribution from Employers:
Small and Medium-sized Enterprises (SMEs) with under 250 employees contribute 10% of the training cost.
Large companies contribute 30% of the training cost.
Type 2: Fully Funded
Description: Fully funded candidates receive 100% funding for their training. However, they must secure a job offer with a new employer before you can apply for the program. This arrangement is classified as a referral, and there is no charge to the potential new employer.
Type 3: Self-Employed
Description: Self-employed individuals who see the opportunity to develop new business opportunities through the LGV Skills Bootcamp can participate as fully funded candidates.