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Will The Apprenticeship Levy Affect Your Business?

Will The Apprenticeship Levy Affect Your Business?

(Posted on 05/10/16)

If you have heard about the government’s plans to introduce an apprenticeship levy in April 2017, you might be concerned it could impact your business both financially and in terms of how you develop your workforce. The aim of the levy is to give employers greater control of their apprenticeship training budget. It can, at first glance, seem confusing but it may well be that only approximately 2% of UK companies will be required to pay the levy. Employers not paying the levy will be asked to contribute 10% to the cost of apprenticeship training and the government will pay the rest. This is referred to as ‘co-investment’. Below is a summary of some of the main changes:

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