18th July 2016 Written by Skills for Health

Image: Apprenticeship Levy.The new Apprenticeship Levy is planning on coming into play on 6 April 2017 and could be a great help to UK employers when it comes to offering apprenticeships. Since the Brexit vote, Skills Minister Nick Boles’ released a statement that announced that the apprenticeship levy is still coming in, the way as planned, however the full details of apprenticeship standards and how they may change are yet to be discussed.

We know that there is a lot of information on the subject of the levy, and you may not wish to read the long reports detailing every specification of the levy, so we’ve compiled everything you need to know to help.

What is it?

The Apprenticeship Levy is funding that employers can apply for and access in order to run apprenticeships as part of their organisation. Employers in England can use the money to pay for training and assessment for apprentices while separate arrangements will be in place in Scotland, Wales and Northern Ireland.

Who is it for?

The new scheme is for UK employers that already pay the levy value of over £3 million a year. Employees in both the public and private sectors are eligible and will be able to access funds for apprenticeships through their Digital Apprenticeship Service account.

How will this affect me?

The levy will be charged at a rate of 0.5% of your annual pay bill, although employers will have a levy allowance of £15,000 per year to offset against the levy payable. The government has committed to an extra 3 million apprenticeships in England by 2020, meaning more people with developed vocational skills to work for your organisation.

Why do I need to know about this now?

Although the levy doesn’t come into being until April next year, you can start registering from January. It is advisable to start thinking about the opportunity now rather than miss out. It may be that you need to revise and revisit your current apprenticeship scheme to ensure it’s up to code before the changes are made to ensure you get the best from the levy.

If you’re considering the benefits and opportunities associated with apprenticeships, don’t hesitate to get in touch. We’d be delighted to take you through all the frameworks for introducing apprenticeship schemes within your workplace and offer you guidance on how you can ensure your current scheme is up to code.

Apprenticeship training & Support

 

Contact us for further information:

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