Apprenticeship Levy

In April 2017 the way the government funds apprenticeships in England is changing. Some employers will be required to contribute to a new Apprenticeship Levy, and there will be changes to the funding for apprenticeship training for all employers (for Apprentices starting after that date).

The Apprenticeship Levy will require all employers operating in the UK with a pay bill of over £3 million a year to make an investment in apprenticeships. You can benefit from this investment by training apprentices.

In an announcement on 12th August 2016, the Government has proposed that all employers (except those with less than 50 employees) should "make a cash contribution" of 10% to the costs of an Apprenticeship. Employers had until 5th September to comment on this proposal.

Guidance has been published by the Government to provide information on how the apprenticeship levy will work, from when it is introduced on 6 April 2017. It also explains the principles that apprenticeship funding and the levy will operate on from April 2017, whether you pay the levy or not. To read more, click here to go to the Government's Levy webpages.

You can find out more about the benefits apprenticeships can bring to your organisation and about the ways apprenticeships are being reformed in the Government's vision for apprenticeships. The reforms include giving employers the opportunity to add to the new apprenticeship standards already available by developing standards that meet their precise needs.

For more information go to the gov.co.uk website or contact us

The Skills Funding Agency has created a Levy calculator to assist employers in their forecasting.

Download our Levy leaflet here:Levy leaflet.jpg

 

These links would be useful for our employers looking for information and guidance.

YouTube clip

Pay Apprenticeship Levy

Draft regulations

 

Contact details:

Judith Moule - judith.moule@bcot.ac.uk Tel 01256 306379 or

Sally Claughton - sally.claughton@bcot.ac.uk Tel 01256 306451goldfish

 

 

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Basingstoke College of Technology, Worting Road, Basingstoke, Hampshire RG21 8TN

Tel: +44 (0)1256 306237