The government has set a target of recruiting 3 million Apprentices by the year 2020. The introduction of the Apprenticeship Levy, due to start in April 2017, will support this initiative. However not all employers will be affected in the same way.
Are you in the know?
Research by the British Chambers of Commerce (BCC) in association with Middlesex University says that over a third of businesses have not heard of the Apprenticeship funding changes coming into effect in April 2017.
How do I find out about the funding changes?
At ATG Training we have been delivering Apprenticeship training since 1967 in an ever changing Government policy landscape. As a result of this experience, we are perfectly placed to help you navigate this new environment. We can provide you with comprehensive, impartial advice and guidance on how best to optimise the benefits and opportunities this new funding regime will bring.
Funding Changes in brief
How are employers affected?
Funding will be allocated to employers based on their employee payroll
Group 1: Small Medium Enterprises (SME) with 50 employees or fewer will receive full Government funding for apprentices aged 16-18. 19+ will attract a 10% employer contribution. AGE Grants available.
Group 2: SMEs with 50 employees or more, but a payroll bill less than £3million will contribute 10% of the cost of training.
Group 3: Employers with a payroll bill of £3million will be required to use the digital voucher system, but will default to group 2 process in the event of using all the allocated vouchers.
Use the indicative online tool for employers to estimate your contribution, begin to plan your training requirements, and estimate your financial spending.
If you have any questions or need further information please call us on 01296 737800 01296 737800 or email firstname.lastname@example.org
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