Since April 2017, any employer with an annual PAYE bill of more than £3m has been be required to pay the government’s apprenticeship levy. The levy is the biggest shake up in learning and development for decades, and it presents a unique opportunity for businesses to change the way they approach talent development. Whilst understanding how best to approach tapping into this new funding model can seem a little daunting, we are expertly placed to help you to maximise the benefits of the levy and other funding streams.
The rate has been set at 0.5% of an employers UK payroll total and will be collected via PAYE
Levy payments will be ring fenced and held in a digital account for organisations to reclaim
The government will top up your account by 10%
Levy funds must be used within 24 months on a rolling basis or you’ll lose it!
Levy funding can only be spent on apprenticeship training and assessment
APPRENTICESHIP PROGRAMMES DELIVERED
APPRENTICESHIPS CURRENTY ON OUR PROGRAMMES