What Is The Apprenticeship Levy?
The premise is that these funds are used to fund the development and delivery of apprenticeships.
If you’re an employer in the UK with a wage bill in excess of £3 million then you are required to pay 0.5% of your payroll bill into a central “levy pot” which is then used to fund apprenticeships throughout your organisation.
If you’re a non-levy paying SME you can still benefit from Apprenticeships because the government will fund 95% of the cost for you.
Below is some further information for levy and non-levy employers.
The levy is:
your PAYE system
Accessed through your
online digital account
Used to pay for
Used to pay for
Can transfer 25%
to other employers
How To Get Funding For Your Apprenticeships
You can receive 95%+ funding from the government if you have a wage bill less than £3 million.
The government will also pay 100% of the training fees for apprentices aged 18 or under if you employ less than 50 employees.
Maths and English at level 2 are required to complete an apprenticeship but don’t worry if you have any employees that do not meet that criteria because there is fully funded training to help them get up to the standards that are required.
The government have increased incentive payments if you’re looking of hiring a new apprentice. Remember, an apprentice can be of any age.
Employers can now receive a payment of £3,000 for new apprentices who have a start date of 1st October 2021 to 31st January 2022.
The £3,000 is in addition to the £1,000 that employers already receive for hiring an apprentice:
- aged 16 to 18 years old
- aged 19 to 24 with education, health and care plan or who has been in the care of their local authority
View our existing training programmes and those we have in the pipeline.
Information for employers about our apprenticeships and what MTD are about.
View our range of managed services. We can do as much or as little as you need.
Get In Touch!
If you have got some training requirements in mind please call us on 0333 320 2883 or complete the online form below and tell us about what they are and we’ll get back to you with some options and costs.