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 call this ‘dedicated development time’ (DDT) and offer some clever and practical ways to ensure that this works well for the delegate and the business – including a bespoke e-learning platform that’s home to assessments and a whole range of customised online resources.
In the new world of Apprenticeship Standards, what many businesses may not appreciate is that once you have spent your levy pot, the Government will co-fund additional Apprenticeship Standards; funding 90% of the cost, with you as an employer funding 10%. In very simple terms, this means that if you choose to divert £10,000 of your L&D budget, this will co-fund Apprenticeship Standards to the value of £100,000.
Additionally, from April 2018, new rulings mean that you can transfer 10% of your levy to a different organisation to fund their Apprenticeship Standards – this could work particularly well if you wanted to support a smaller business within your supply chain, or a charity as part of your CSR strategy.
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.