The new apprenticeship levy will be introduced in April 2017 and is intended to support the delivery of the government’s three million apprenticeships by 2020. The levy means that large employers, with a payroll in excess of £3 million per year will have to pay, at a rate of 0.5 per cent of their payroll, towards the levy.
This levy payment can only be used to upskill existing employees or recruit & train new employees working towards an approved Apprenticeship Standard.
This means that the levy will only be payable on company payrolls in excess of £3 million per year.
Smaller companies can still take advantage of available Government funding, which may include an employer contribution (approx. 10%). A smaller company is one that has less than 50 employees and/or a payroll of under £3 million.
What does it mean?
Basically, you will be either a levy payer or a non-levy payer, either way you will want to maximise your use of the levy to provide training for your organisation. If you are a levy payer you will want to maximise your training to ensure you fully use your apprenticeship levy contribution.
Varsity Training can help you:
- We provide a full range of Health & Social Care apprenticeship programmes.
- We can help you map your present training into funded apprenticeship frameworks to maximise the use of the levy.
- We can give advice and support on navigating the new levy funding system and the Digital Apprenticeship Service.
Varsity training is ready to support you in planning your apprenticeship training under the levy system and now is the right time to start planning. We are more than happy to come out and talk with you about what your requirements are as we are a provider of apprenticeships to both levy and non-levy employers.
Just give Del Wraight a call on 01934 808591 or email firstname.lastname@example.org