From April, some employers will have to pay a percentage of their pay bill towards funding the cost of apprenticeships. It’s part of the Government’s plan to give more opportunities to young people in the workplace.
The levy will apply to apprenticeships in England (the apprenticeship programmes for other parts of the UK are up to authorities in Scotland, Wales and Northern Ireland to manage) and not all employers will be required to pay up. It’s only those with a pay bill of more than £3 million per year. They’ll have to invest 0.5% of that amount into the cost of apprenticeships and will then be able to access funding to pay government-approved training providers.
We’d recommend a read through the government guidance on this. Find it at: