The Apprenticeship Levy, which came into effect in 2017, is applicable to all UK employers that will support the funding of apprenticeships. Both private and public companies that pay more than £3 million in wages are now liable to pay 0.5 per cent of their paybill into a fund. Employers can then use this fund – to which the government adds an extra 10 per cent (in England) – to spend on apprenticeship training.
No – there are 15 different bands of funding available ranging from £1,500 to £27,000. Engineering and technology-focused apprenticeships tend to be more expensive, and in the higher bands.
Additional funding will be available to support apprentices to meet minimum requirements in maths and English.
We will help with
Planning your levy spend to make best use of funds due to expire soon.
Analyzing the organisational structure and highlight employees who could benefit from the apprenticeship standards on offer.
Developing your existing staff or creating new opportunities within departments to help you meet your CSR needs.
Get in touch regarding our
Managed Apprenticeship Levy Service