The Apprenticeship Levy was introduced in April 2017 and is designed to maximise and support the creation and funding of apprenticeship starts.
The levy is collected from all employers by HMRC and placed into the apprenticeship funding pot. The only way that you can then ‘spend’ this money is by offering apprenticeship training to new or existing staff within your business. The funding will be paid directly from the apprenticeship funding pot to the college that you use for your training, with the Government topping up the pot by 10% for employers in England, meaning you will get out more than you are putting in.
We work with many large employers, supporting with training programmes to get the most from their levy payments. We can help with upskilling current staff, identifying aspiring/future talent to moving staff to the next level, or creating customised programmes for groups of apprentices incorporating your company values and priorities.
Employers falling under the levy payment threshold (£3 million) can still employ apprentices and will be able to access government support and funding for the apprentice (subject to eligibility).
APPRENTICESHIP LEVY KEY FACTS
Government Apprenticeship Incentives for employers.
Employers could be eligible for £1,000 if they hire an eligible apprentice who is either:
- Aged 16-18 years old, or
- Aged 19-25 years old and has an Education, Health and Care Plan (EHCP), or has been in the care of their Local Authority.
Further Construction Grants are available through the CITB. If you choose to register with them you may be entitled to an additional £8,500 in Apprenticeship Grants. See CITB website here for more detail.
NEED HELP OR ADVICE?
If you would like more information or advice on how we can help you maximise your levy spend, or if you would like to support with recruiting apprentices contact our Apprenticeship Recruitment Team.
Or alternatively, you can use our form on the Contact Us page.
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