From 6 April 2017, all UK employers in the public or private sector with a pay bill of over £3 million must contribute to the apprenticeship levy an amount equal to 0.5% of their annual pay bill, minus a £15,000 allowance. Organisations are then able to draw down the funding, with an additional 10% top up from the UK Government, to pay for apprentice training and assessment with a registered training provider and assessment organisation.
With these fundamental shifts to the funding model and the implications for how employers interact with the apprenticeship system, it is important for employers to better understand how these programmes can be deployed to bring maximum benefit to the business.
This hub provides a number of resources to help you make the most of the apprenticeship levy.
Apprenticeship Levy: what you need to know
As the Apprenticeship Levy comes into effect, Lizzie Crowley, CIPD Skills Advisor, explains what the levy is, the opportunities it could provide, and what the practical implications are for HR and organisations.
Lizzie Crowley argues that government, training providers and employers need to work together to ensure apprenticeship reforms achieve their aims