empowerment

Non Levy – What does it mean?

A change to how apprenticeships will be funded.
A change to how apprenticeships look – giving flexibility and choice.
No limit to the amount of apprentices you can employ.

Main differences are:

If your company has a wage bill of less than £3 million the following changes will kick-off in May 2017:

  • Have you got less than 50 staff? If you employ apprentices 16-18 years old, there will still be no cost for their training.
  • If you have more than 50 staff, or take on an apprentice over 18 years old, the government requires you to co-invest into their training. This will be 10% of the training cost with the government contributing the other 90%.
  • Incentives are available for your business if the apprentices are 16-18 years old – £1000 per apprentice you employ!

We will monitor the progress of the apprenticeship reforms and continue to support you and your apprentice.

For more information, please call 0800 0902155 and ask for Angela Wren or Timothy Pill to discuss this in more detail.


Levy – What does it mean?

If your company has a wage bill of more than £3 million the following changes will kick-off in April 2017:

From April 2017 you will pay HMRC a levy payment of 0.5% of your wage bill for apprenticeship training.
You will be entitled to a government allowance to offset the levy payment.

Your funding pot:

  • This levy payment will create a pot of funding for you to use to upskill existing member of staff through an apprenticeship programme or to take on new apprentices.
  • This can be used for both, current and future apprenticeship programmes that will start in May 2017
  • Incentives are available for your business if the apprentices are 16-18 years old – £1000 per apprentice you employ
  • You will have 24 months to use your funding then it will not longer be available.
  • Once you have used your pot of funding, you can still continue to take on apprentices with a co-investment from yourself and the government.

We will monitor the progress of the apprenticeship reforms and continue to support you and your apprentice.

To find out more please call: 07590 227002 or email: duncan.mcausland@acacia.ac.uk

You can also fill in this form if you would like to know more details and we will contact you as soon as possible. Thank you.

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