The HR Magazine reports today that further details on levy funding arrangements have met with mixed reactions.
The HR community has reacted to confirmation that the apprenticeship levy will go ahead as planned from April next year, despite calls from business groups for the charge to be delayed until after the economic impact of Brexit is clear.
The latest update on the levy, initially due to be published in June, has provided greater detail around funding arrangements. It has revealed that:
- the 98% of employers with wage bills of less than £3 million, and who therefore will not be paying the apprenticeship levy, will have 90% of any apprenticeship training paid for by the government
- levy-paying employers – those with a pay bill of more than £3 million – that want to spend more on training than is in their digital account will have 90% of their additional apprenticeship training costs funded, to incentivise employers taking on more apprentices
- the government will pay an additional £2,000 to help 16- to 18-year-olds, young care leavers, and young people with an education, health and care (EHC) plan make their first step into the world of work – with £1,000 going to employers and an additional £1,000 to training providers
To read the full article then click here. For more on management apprenticeships in Wales click here.
