The Apprenticeship Levy - the opportunities for your business
Driven by their productivity agenda, the government is committed to achieving three million apprenticeship starts by summer 2020.
To do so, the government has confirmed the introduction of an Apprenticeship Levy from April 2017 – a fundamental change to the way Apprenticeships in England are funded. Employers with a UK paybill of over £3m from both the private and public sectors will be required to pay 0.5% of that into a levy. The levy payment will then be ring-fenced in the form of an electronic voucher that can be used to purchase apprenticeship training.
The levy is the government’s logical solution to funding the increase in numbers and putting control of funding in the hands of employers.
Understand the new Apprenticeship Levy facts so far and how it will affect businesses from April 2017.
At BPP, to help you find out how these funding changes will impact your business, implications, and how to maximise the opportunities for your businesses’ talent development and training programmes we’ve created a number of resources to help.
New Free Guide: The impact of the levy on early careers and graduate strategies.
To download our free guide, complete your details on the form.
Free resources available to you:
- Guide: Key facts on the Apprenticeship Levy
- Webinar: Apprenticeship Levy Changes - Dec 15 (recording)
- Webinar: Levy updates, 2016 funding and Trailblazers – Feb 16 (recording)
- Plus supporting library of industry documents
To download, please complete the form on the right of this page.
Helping you plan your strategic workforce in advance of the levy implementation
If you have been tasked with considering your businesses’ strategy for apprenticeships we can help. Whilst a number of details are still to be confirmed by the government, there is certainly enough information to begin your planning now.
BPP are able to support you with reviewing your businesses’ talent strategy as a whole (graduates, apprentices and internal talent/development schemes) across all divisions and functions, with a view to designing new propositions that are interconnected.
Contact us: Call 03300 291 737 or email: email@example.com
Questions about the levy? Ask our experts.
Following the levy announcement there are still details that the government need to clarify, which we expect from the Finance Bill in spring. In the meantime we are here to help employers of all sizes understand how the levy will affect you, and how you can start to planning for this change to really benefit your workforce. Take a look at the recent employer Q&A below. We are also available to answer your questions – simply email our experts and our levy team will be in touch.
Final Apprenticeship funding levels announced October 2016
On the 25th October the government released further information on funding and eligibility rules. Key points from this statement are:
- Confirmed information on how apprenticeships will be funded
- Additional support for 16 - 18 year olds
- Updated information on the Digital Account Service (DAS) - employers now have 24 months to spend funds in their digital account unless rather than the proposed 18 months
- Information on the ability for employers to transfer digital funds to other employers in their supply chains, sector or to apprenticeship training agencies in 2018
The Government have also published detailed guidance for levy paying employers which you can download.
May 2017 Apprenticeship Funding Rules Proposals released - Aug 2016
On 12th August 2016 the government published proposals for how the apprenticeships support package for employers in England will work from May 2017.
Draft Clause released – Feb 2016
The government published draft clauses regarding the Apprenticeship in early February, you can view these documents here:
- Apprenticeship Levy: Draft Legislation
- Explanatory note Clauses 1 to 23
- Apprenticeship Levy: HMRC Policy Paper
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We carry businesses forward by bringing best practice, career relevant and internationally recognised qualifications to the workplace. At our core are two dedicated business allowing us to deliver a unique range of capabilities.
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