THREE KEY CHANGES TO APPRENTICESHIP LEVY
Firstly, as of April 2019, the payments made by employers in terms of levy contribution will be, in effect, ‘clawed back’ given that the payments will expire if not used within the period of 24 months from the introduction of the levy i.e. now!
Second, the SME sector that doesn’t pay the levy... Previously, non-levy payers would be required to contribute 10% of the cost of training, with the Government paying 90%. As of October 2018 that figure changed to just a 5% contribution with the Government picking up the 95%.
Thirdly, levy-paying companies were originally able to ‘gift’ 10% of their Digital Voucher Allowance to third party supply-chain organisations. This level of contribution to support training with the supply chain has now been increased to 25%.
Need to know more? BVAA has it covered!
At the BVAA Conference (15th May) our guest speaker will be Chris Selby of Cquence Consulting. Chris is also Head of Marketing, Communications and External Affairs at the Cross-Industry Construction Apprenticeship Task Force (CCATF) where he works extensively in the apprenticeship space, tackling real world issues, raising knowledge levels and advising employers how to extract the maximum benefit.