The Apprenticeship Levy

The Government is committed to promoting Apprenticeships for individuals and businesses, now and in the future. This commitment has resulted in the introduction of an ‘Apprenticeship Levy’ in 2017 for businesses with a payroll of over £3 million. This levy will be used by businesses to recruit and train apprentices within their organisations.

This government guide on the Apprenticeship Levy should help explain more.

If you are a non-levy paying employer, you will still be strongly encouraged to recruit apprentices into your business, or train existing staff via the Apprenticeship route. You'll reap the benefit of being able to draw down on training funds for this purpose without having to provide those funds yourself. You can find out more about this here.

Any Business, regardless of the levy,  employing a 16-18 year old Apprentice can also benefit from a £1,000 bonus payment.  This will be paid to employers in two instalments at 90 days and 365 days, as long as the Apprentice is still employed at that time. You can find out more about Apprenticeship funding here.

 If you'd like to find out more then contact us now.