Apprenticeship levy part 2

1. THE APPRENTICESHIP LEVY:
how will it benefit my business?

2. WHAT ARE THE
BENEFITS OF THE
APPRENTICESHIP
LEVY?

3. The primary aim of the apprenticeship levy is
to increase the number of apprenticeship
start-ups and to invest in training for UK
businesses.
An increase of apprenticeships means an
increase in the diversity of skill sets within a
workforce.
Effective training programmes for apprentices
will help address any shortcomings and help
companies create a better ‘talent pool’ for
themselves.

4. HERE ARE SIX
BENEFITS OF THE
APPRENTICESHIP
LEVY

5. Benefit #1
• Employers will have more control over the
structure and content of each
apprenticeship – they can recruit more
staff as and when is needed and have the
flexibility to invest in current
apprenticeships.

6. • There will be no age limit on funding
available for apprenticeship training.
However, revenue from the levy will help
fund all post-16 apprenticeships in the
UK.
Benefit #2

7. • The modern digital voucher will ensure
that money secured from the levy will go
to apprenticeship organisations only.
Benefit #3

8. • Money left unclaimed by the
organisations that ‘put in’ will be made
available to smaller business owners to
claim towards apprenticeship training via
the digital vouchers – meaning everyone
will be able to benefit.
Benefit #4

9. • In order to access the funding, all
employers will need to have ‘Government
Standard Qualifying’ apprenticeship
schemes in place, meaning that everyone
will be able to benefit.
Benefit #5

10. • The 10% top up applied to all the digital
accounts will result in employers being
able to draw out more than they actually
put in towards the levy.
Benefit #6