THE APPRENTICESHIP LEVY EXPLAINED

WHAT IT IS

In May 2017, the UK Government introduced apprenticeship reforms designed to boost the productivity of the UK’s economy and increase the skill level of our workforce. In order to fund the apprenticeship scheme, an Apprenticeship Levy was introduced in which companies with an annual wage bill in the UK over £3million are required to pay 0.5% of their annual wage bill into a digital account called the Apprenticeship Service (AS). If you choose not to use your levy funds to invest in your business, the balance will be re-distributed to other companies to fund their training and development activities.

Are you unsure if you’re a levy paying company? Download our levy overview guide here
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HOW WE CAN HELP

Whilst you are unable to decide whether you wish to opt-in to the Apprenticeship Levy, you are able to decide how you use the balance in your online digital account. At Apprenticeship Connect we take time to get to know your staff, your business and how you work to ensure we create strategically designed solutions and bespoke programmes that improve productivity in your business and demonstrate clear return on investment for your levy funds. Our solutions span start-to-finish recruitment services through to fully flexible on-the-job training at your workplace, including options to train your existing staff.