Breaking news on Apprenticeship Levy and how it will work
Added by Apprenticeships Norfolk on 12/08/2016 10:51am
Breaking news - A guide has today been published on the Apprenticeships levy and how it will work, covering the subjects of:
- Paying the apprenticeship levy
- Accessing money paid under the apprenticeship levy
- Buying apprenticeship training
- What you can spend apprenticeship funding on - all employers
- Eligibility for training
- Further information
In spring 2017 the way the government funds apprenticeships in England is changing. Some employers will be required to contribute to a new apprenticeship levy, and there will be changes to the funding for apprenticeship training for all employers.
The apprenticeship levy requires all employers operating in the UK, with a pay bill over £3 million each year, to make an investment in apprenticeships. You can benefit from this investment by training apprentices.
This guidance provides information on how the apprenticeship levy will work, from when it is introduced on 6 April 2017.
It also explains the principles that apprenticeship funding will operate on from 1 May 2017, whether you pay the levy or not.
You can find out more about the benefits apprenticeships can bring to your organisation and about the ways apprenticeships are being reformed, in our vision for apprenticeships. The reforms include giving employers the opportunity to add to the new apprenticeship standards already available by developing standards that meet their precise needs.
Who this guidance applies to
This guidance is for all employers operating in the UK, whether you pay the apprenticeship levy or not.
(If you’re an employer with operations in Scotland, Wales or Northern Ireland, you may also want to contact your apprenticeship authority.)