4 November 2017
Build UK and CITB Publish New Apprenticeship Levy Guide
Build UK and CITB have published comprehensive Apprenticeship funding guidance to assist employers in getting to grips with the new system.
The Apprenticeship Funding Guide details the changes to the Government Apprenticeship Levy and how they affect employers.
From Monday 1 May 2017, employers with a wage bill of more than £3 million will pay the new Apprenticeship Levy. Employers paying the levy will be able to access the funds they have paid for the cost of training apprentices through a new digital account.
Employers who do not pay the levy will receive funding for 90% of apprentice training costs, with the cost of a 16-18 year old apprentice or 19–24 year olds with an Education, Health and Care Plan fully funded for employers with fewer than 50 employees. Until the digital account is introduced to these employers in 2018, they will be expected to pay the provider directly for training if relevant.
For further information on the Apprenticeship Levy, visit the Government website.