The Levy has come at a time when the need to drive a digital-first strategy has never been greater. The current skills gap is costing the UK economy over £63 billion a year, the Levy is designed to allow businesses to supercharge their investment in the skills needed to drive their organisation forward.
the Levy will only be payable on payroll in excess of £3 million per year
of employers payroll will be paid into a fund which is ring-fenced for apprenticeships
is how much non-levy paying businesses contribute towards the cost of an apprenticeship