The Apprenticeship Levy was introduced on 1st April 2017.
All UK companies with a payroll over £3m, will pay a 0.5% contribution of the amount their payroll is above the £3m threshold in to the Apprenticeship Levy.
The Levy can only be spent on training apprentices.
By 2020, all existing apprenticeship frameworks will be replaced by employer led standards.
All standards will have an End Point Assessment.
Standards will be overseen by a new Institute of Apprenticeships.
There will be a minimum 10% employer contribution for all apprentices.
There is to be new Digital Apprenticeship Service website for finding out about and selecting your apprenticeship provider.
If you train a 16-18 year old, a care leaver or someone with a health care plan, you will be eligible for a £1,000 grant.
If you employ less than 50 staff and you train a 16-18 year old, the apprenticeship will be fully funded by the Government.
Information correct at 7th November 2016. Information subject to change at any time.
To find out more about apprenticeships and how you can benefit from the reforms, speak to us.
Business Development Centre
Hugh Baird College
Liverpool, L20 7EW