Apprenticeship Levy Funding
Levy funding if you’re an employer
Employers that have a wages bill of £3 million + per year will have to pay an Apprenticeship Levy.
For businesses that do not have a wages bill of £3 million+ per year, you can still offer development to your employees with the Government's help, you will just pay 5% towards the cost of training & assessments.
Making using of Levy funding can help your business to:
- Develop specific skills needed by your organisation, cost effectively
- Reduce recruitment costs & staff turnover
- Increase employee productivity & satisfaction
Find out more about employing an apprentice with the levy funding guide for employers.