How The Apprenticeship Service Will Work
In the following video released by the National Apprenticeship Service, they show employers how the Apprenticeship service will work from May 2017.
Their design and development experts tell you how it gives employers control, how it can help drive up quality and, importantly, how it will work.
What is the apprenticeship levy?
The way apprenticeships are funded in the UK is set to be amended in April 2017 with the introduction of a 0.5% levy on employer’s pay bills. If passed this levy will only be payable on pay bills in excess of £3 million per year, which is estimated to effect only 2% of employers. This is estimated to provide an estimated £3bn boost to the apprenticeships budget supporting a new wave of young learners. As part of this new plan, employers will also be given an annual offset allowance of £15,000 towards the cost of the new levy.