How will the Apprentice levy affect your business?
Skillwise have prepared a video for you to find out how the apprentice levy would affect your business.
Watch it here: video
They have also prepared a FAQ following the webinar they presented.
Q: My pay bill is less than £3 million, my understanding was that none of this would affect me?
A: It’s correct that you won’t need to pay into the levy but you will still need to make a minimum contribution of 10% to the cost of training any apprentice whom you employ
Q: Can someone with a degree now complete an apprenticeship with the funding changes?
A: Yes. An apprentice can be funded to undertake an apprenticeship at the same or lower level than a qualification they already hold, if the apprenticeship will allow the individual to acquire substantive new skills and you have evidence that the content of the training is materially different from any prior qualification or a previous apprenticeship.
Q: Do I also need to pay for my apprentice to complete English, Maths and ICT qualifications?
A: If your apprentice does not have grades A* - C or equivalent they will need to complete additional qualifications however these will be funded by the skills funding agency.
Q: How will the 10% be collected from the employers?
A: Providers will need to invoice employers for employer co-investment, including any VAT.
Q: Why the change and why am I being asked to pay for something that was previously fully funded?
A: The levy is something being imposed by the government and not individual training providers. It has been designed to fund 3 million new apprenticeships and addresses skills shortages in England.
Q: If I take on an apprentice before the April deadline will they be fully funded?
A: Yes but you’ll need to act quickly. We’d also love to be able to help you with this. Click here for more information.
February 8, 2017 | Share: