The Apprenticeship Levy was introduced in April 2017, for all businesses with a salary bill of more than £3 million per year. It’s administered monthly via a business’s monthly HMRC payment, and it’s a simple case of ‘use it or lose it’. The Levy must be used to fund Apprenticeship training, and can only be spent with training providers like The Bauer Academy who are on the ROATP (rota of Apprenticeship Training Providers).
The Apprenticeship programmes (see the ones that we offer), can be used to upskill existing staff, so they’re not just for new young trainees, like the old world of Apprenticeships. Each programme lasts a minimum of 12 months.
Each delegate needs to spend 20% of their normal working hours studying towards their Apprenticeship, but rather than the traditional day release, we offer some clever and practical ways to ensure that this doesn’t get in the way of their daytime job – including a bespoke e-learning platform that’s home to assessments and a whole range of useful online resources.
What many businesses may not appreciate is that once you have spent your levy pot, you can continue to pay in and the Government will top up your levy pot by an additional 90%. In very simple terms, this means that an over-payment of £10,000 will result in an increased levy pot to the tune of a whopping £100,000. So where you may think you could only train a few Apprentices, by diverting a modest amount of existing training budget could net you a really significant Apprenticeship programme. Additionally, from April you can transfer 10% of your levy to an organisation to deliver their apprenticeship programme.
Finally, it’s worth bearing in mind that you can also brand the Apprenticeship programme as anything you like – for example, within Bauer’s business it’s called the Accelerator programme.
If you’re free for a quick chat, we’d love to talk some more.