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|Apprenticeship funding and the levy|
Apprenticeship funding and the levy
The introduction of the apprenticeship levy has been a major change to the way in which the apprenticeship system in England works. The following resources introduce the levy and provide some evaluation on how it is working.
The government have provided a useful overview document entitled Apprenticeship funding: how it will work. This provides information from the government on apprenticeship funding, including the apprenticeship levy and the online apprenticeship service.
If you are looking for further detail on how apprenticeship funding will impact on your organisation the following links may be helpful.
Understanding the levy
The apprenticeship levy was introduced in 2017. It requires larger firms to pay a levy to support the growth of the apprenticeship system. The following resources provide more information on apprenticeship levy.
If you are a levy payer it should be easy to pay providers by going through the following steps:
Laura Beswick, Director of Apprenticeships – Accountancy & Tax at BPP, explains how the apprenticeship funding works and how to pay your apprenticeship training provider.