Funding your training program

Your contact

Nathalie WESSE - Recruitment Manager | Executive MBA
wesse@eml-executive.com
+33 (0) 6 71 02 28 79
Yasmine AKESBI - Casablanca
akesbi@em-lyon.com

Following the implementation of the professional training reform of January 1st, 2019, the financing schemes and modalities are evolving.

Whether you are an employee, looking for a job or self-employed, there are several types of assistance and financing available for your training project.

Below is an overview of the main measures in force.

A breakdown of these different schemes is entirely possible and the fees can be spread over 2 years, depending on the duration of the chosen program.

Our training consultants are at your disposal to assist you in your approach.

 

 

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Participant initiated schemes 

                                                                                                 

 

  • Individual Training Account - CPF

The Individual Training Account is a system that allows you to acquire training rights that can be used throughout your professional life. Since the 1st of January 2019, the CPF is now based on euros and is no longer supplied in hours: €500/year (capped at €5,000) and €800/year (capped at €8,000) for unskilled employees (diploma below level 5).

The training can take place on:

- Working time: compulsory agreement of the employer

- Outside working hours: does not require the employer's agreement

For non-employed workers (self-employed workers, members of the liberal professions and non-employed professions, artists, authors or collaborating spouses),  the Individual Training Account will be supplied in 2020 with 2018 and 2019 activities. For any questions, please contact the Training Insurance Fund (FAF) (determined according to the nature of the activity).

Any holder of the Individual Training Account may benefit from employer or OPCO contributions.

To find out what rights you have acquired, i.e. the amount available to finance your training with the CPF, you need to create an account on the dedicated website: My activity account.

Training must be certified, eligible for the Individual Training Account and registered to the RNCP (National Directory of Professional Qualifications).

 

  • The CPF Professional Transition Project - CPF PTP

(Formerly "Individual Training Leave")

The CPF PTP allows employees to take time off work to follow a training in order to acquire new skills to change trades or professions.

Training must be certified, eligible for the Individual Training Account and registered to the RNCP (National Directory of Professionnal Qualifications).

For more information: The CPF Professional Transition Project

 

  • Student loan

The emlyon business school's banking partners offer you loans at preferential rates. For more information, contact your Training Advisor.

 

  • Scholarships

As a socially responsible organisation, emlyon business school offers scholarships to participants of the General Management Programme. These scholarships are limited in number and are awarded in priority to participants who finance all or part of their personal tuition fees. For more information, contact your Training Advisor.

 

 

  • Tax incentives

 

You may deduct from Income Tax the educational expenses and/or current expenses (deduction of actual expenses over the payment year through "Other deductible expenses").

 

Tax credit for the business leaders' training 
Deduction of training costs for employees
Deductions of professional training costs for BNCs

For more information, contact your local tax office.

 

 

 

  • Payment facilities

Withdrawals in several monthly installments possible. For more information, contact your Training Advisor.

 

 

Employer initiated schemes 

                                                                    

 

  • Skills Development Plan (Formerly "Training Plan") Companies are required to train and ensure the employability of employees. The employer is free to choose the employees he wishes to train. The employee can express his or her training needs during annual appraisal interviews, for example. The training courses concerned are those that allow:

 

            - adaptation to the workplace or that are related to the evolution or retention in employment,

            - Skills acquirement to evolve professionnaly

To go further: Skills development plan; Possibility for the company to be invoiced over 2 different calendar years.

 

  • Pro-A Reconversion or promotion by alternation

(Formerly "Professionalization Period")

This system aims to promote professional development and retention of the less qualified employees.

To go further: Retraining or promotion by work-linked training (Pro-A)