Understanding the Levy

In April 2017, the way the Government funds apprenticeships in England has changed. Some employers will now be required to contribute to the apprenticeship levy, and there are changes to the funding for apprenticeship training for all employers. A key aim of the levy is to encourage businesses to take on apprentices or alternatively, upskill their existing staff through an apprenticeship.

At Optimum Skills our team of experts are committed to delivering bespoke advice and guidance on apprenticeships that will not only enhance your workforce but also transform your company to become a more productive and successful business. We will help you understand your levy commitment and the benefits for levy, non-levy and companies employing fewer than 50 staff.

In addition, you will be supported to plan for the effective utilisation of your levy commitments.

Optimum Skills Apprenticeship Levy and Funding

Do you know the benefits of hiring an Apprentice?

Apprenticeship Funding

£3, 000, 000 or more in annual UK PAYE commitment

 50+ Employees, less than £3, 000,000 in annual UK PAYE commitment

Less than 50 employees

  • Government top up of 10% for employer levy payments *added automatically to digital account.
  • Managed via an online digital account giving greater control over the whole apprenticeship process.
  • 10% commitment to any apprenticeship costs not covered by levy commitments.

  • 10% employer commitment to apprenticeship costs *split monthly for duration of training.
  • Age incentives grants for apprentices age 16-18.
  • Varied local enterprise grants for businesses taking on apprentices. *varies depending on area.

  • 16 – 18 year olds 100% funded.
  • 10% employer commitment to apprenticeship costs for learners aged 19+ *split monthly for duration.
  • Age incentives grants for apprentices age 16-18.
  • Varied local enterprise grants for businesses taking on apprentices.*varies depending on area.

Apprenticeship Benefits

  • Grow workforce with skillsets tailored to business’s existing and future needs.
  • Enhance the skills of existing employees via apprenticeship programmes.
  • Create structured training schemes for the development of employees.

Contact us today to find out more information about funding, grants, and spending the levy