Apprenticeships: what should I do?
What do the changes to apprenticeships really mean for your organisation?
Here is an example to illustrate how you could approach using the levy you will start paying from April 6.
Let’s say that you are organisation with a pay bill of £4 million. All organisations receive a £15,000 allowance on the first £3 million which means that you only pay the levy on the remaining £1 million.
This means that from April 6 you will automatically pay £5,000 every year, or £416.66 a month. The government adds a 10% credit to each monthly payment, which means that you will receive a total levy credit towards training apprentices of £458 a month.
The government's free online tool can help you work out your levy.
You can use that money to fund a bespoke programme of training to bring through an apprentice for a specific job role.
You must be registered with the government's apprenticeship service to use your levy credits.
Let’s say for example you need to bring through a new lettings officer. You could use this funding to train either a qualifying existing member of staff or a new apprentice.
You simply need to select a government approved training provider who will help you build a programme of bespoke training to complete the apprenticeships and give that person the skills, behaviours and knowledge to fulfil the role.
You will then also need to select an end-point assessor to complete the final assessment.
Whatever stage of this process you are at, even if you are only just learning about the changes to apprenticeships, we can help.