Apprentices_447_-_298.jpgFrom 1 May there will be changes in the way apprenticeships in England are funded. Build UK and CITB have issued an Apprenticeship Funding Guide to provide an overview of the changes and how they affect you.

 

• The Apprenticeship Levy requires all employers to pay 0.5% of any wage bill over £3 million into the Government’s new apprenticeship service, to pay for apprenticeship course fees.

• Employers paying the Apprenticeship Levy will be able to access the funds they have paid for the cost of apprentice training through a new digital account. The Government top-up this amount by an additional 10%.

Find out more here.