From April 2017, businesses with an annual pay bill of £3m+ have been paying 0.5% of their wage bill to the government for an apprenticeship levy. In return, employers are provided with the opportunity to offset levy payments against approved apprenticeship qualifications.
This applies for all employees irrespective of age and job role, and applies for existing employees as well as employees who are new to the company.
Employers paying in to the apprenticeship levy are understandably keen to make sure they’re recouping their money, but much confusion still abounds in terms of what they can and can’t use their funds for.
The good news is that, no matter what level you are looking for, we have access to programmes right now to make the most of your apprenticeship levy!
These qualifications also allow smaller businesses, who are not paying the levy, to access funding of up to 90% of the cost of the qualifications, only having to pay 10% of the cost of the qualification themselves.
Professional and Degree Qualifications at Educational Levels 4, 5, 6 and 7
Working in conjunction with employers and Universities, the Institute has access to qualifications which are available now and funded through the apprenticeship levy, these apply for professional and degree qualifications, including Bachelors and Masters Degrees.
The qualifications comprise core disciplines covering areas such as exporting, importing, supply chain, logistics, customs procedures and trade compliance.
Make sure your levy payments don't go to waste, if you would like more information about apprenticeships and how the Institute can help, call 01733 404400 or email firstname.lastname@example.org