The Department for Education recently announced guidance for apprenticeship levy funding in England from May 2017.
The levy comes into effect in April 2017 meaning that UK employers, with an annual pay bill of over £3 million, will pay the apprenticeship levy.
The new guidance details how much employers will be able to spend on each apprenticeship and the rules employers will need to follow.
A funding bands tool has been devised in order for employers paying into the Levy to see first off, which funding band an apprenticeship has been allocated to, and secondly, the maximum funds available an employer can use. For instance, a HM Forces Serviceperson (Public Services) apprenticeship would carry a maximum core funding of £3,000.
The guidance also holds a list of apprenticeships approved for delivery to help check which training frameworks have been approved for 2017. Here are links to the different guidance documents for your own reading:
A final support package will be confirmed in October 2016.
John Rogers, Chief Executive of Skills for Justice said: “We have been awaiting this announcement with great anticipation and welcome the extra direction. The new clarifications will help Skills for Justice deliver valuable and effective guidance for employers that are eligible for the apprenticeship levy.”
“The apprenticeship levy is a huge change within the vocational education and training sector and, while not without its challenges, does offer employers a fantastic opportunity to develop the workforce of the future.”
Skills for Justice have the expert knowledge you’ll need on the apprenticeship levy and are working with organisations to deliver strategic plans To prepare them for May 2017.