Apprenticeship Levy
Welcome to the new world of apprenticeships
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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.
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£3 million
the Levy will only be payable on payroll in excess of £3 million per year
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0.5%
of employers payroll will be paid into a fund which is ring-fenced for apprenticeships
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5%
is how much non-levy paying businesses contribute towards the cost of an apprenticeship
The apprenticeship levy has been a fantastic opportunity for us to grow our own digital talent and future proof ourselves against the well reported, nationwide, digital skills shortage.
How N Brown had done it
The apprenticeship levy has been a fantastic opportunity for us to grow our own digital talent and future proof ourselves against the well reported, nationwide, digital skills shortage.