Apprenticeship levy and funding
Guides for funding Apprenticeships
In April 2017, the government changed the way that apprenticeships are funded. Some employers are now required to contribute to the apprenticeship levy, and there have been changes to the funding for apprenticeship training for all employers. The levy requires all employers operating in the UK, with a pay bill over £3 million each year, to invest in apprenticeships. This change affects employers in all sectors. The levy is only paid on annual paybills in excess of £3 million, which means that less than 2% of UK employers contribute to it. Whilst the introduction of the Apprenticeship Levy may sound complicated, there's plenty of information and resources available to help you figure out how this potentially affects your business and how to navigate the levy now it's been introduced.