If you’re looking to enrol your staff in an apprenticeship you can learn more about the Apprenticeship Levy here. Alternatively, our approved training providers can provide you with all of the information you need. Just complete the contact form on our ACAPP Apprenticeship page.
Does the Apprenticeship Levy affect my organisations?
If your payroll is equal to or over £3m per year, the answer’s yes.
What will it cost us?
The basic charge is 0.5% of your PAYE bill. Smaller companies can make use of a co-investment fund which means if you don’t pay into the Levy your training is still funded 95% the government.
What is the aim of it?
The main aim is to persuade you leverage the power of apprenticeship training in the workplace. You can use the levy to train current employees of all ages, levels and experiences to take the next step on their career ladder, or to change direction.
When does it come into force?
The Levy takes effect in April 2017.
Are any employers exempt ?
Does it affect Public Sector organisations as well as businesses?
What should my organisations be doing?
The short answer is that you should be planning now to make the most of what could be a real opportunity. If you get up and running now, before the Levy starts in April 2017, you could benefit from the current funding available and pay almost nothing for the training of your apprentices.
Has government stopped paying for apprenticeships ?
No, they will still ‘co-fund’ apprentices and pick up the bill for 95% of training costs if you are either;
a). too small to be levied …
b). you’ve spent all of your levy and want to train more apprentices
We hope this information was helpful!