The Apprenticeship Levy

Figures published by the Department of Education on July 6th suggest that, of the 19,150 Companies that are eligible to pay the Apprenticeship Levy, a total of 8,200 have registered. To be eligible, companies need to have a payroll bill of £3m. The Levy represents 0.5% of the payroll bill, in return for which, companies are entitled to a contribution of £15K towards their training costs.

Levy eligible businesses represent just 1.3% of all employers. It will be interesting to see, and to be part of, the drive towards the Governments’ goal of three million Apprentices by 2020.

It seems to me that buy-in from SME’s will be vital to achieve the stated targets. Quality provision and value for money is key for all businesses and, in particular as non-levy paying employers will now need to pay 10% towards training costs with the Government funding 90%. Effective delivery and quality assessment will need to be high priority, going forward, for Ann Milton the new Skills Minister.

Tangible Results have many years of experience in taking the Apprenticeship message to market on behalf of Colleges and Private Training Providers. If we can be of any assistance please give us a call.

business-2042282_640-300x200 The Apprenticeship Levy


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