The Government Apprenticeship Levy has completely altered the way Apprenticeships are funded, providing more opportunities to employers.
Who is affected by the Apprenticeship Levy?
The levy is set at 0.5% of an employers’ pay bill. It will only affect employers with an annual pay bill in excess of £3M. Only 2% of all UK employers are liable to pay the levy
90-100% of Apprenticeship training fees are funded by the Government, depending upon the size of your business and the age of the apprentice.
<50 employees? - You may be exempt from paying for Apprenticeship training. In addition a £1,000 incentive is currently available if your apprentice is:-
- aged 16-18
- a 19-24 year old care leaver
- a 19-24 year old with a Local Authority Education, Health and Care Plan.
For further information about the Government Apprenticeship Levy please follow the link below