In April 2017, the government will introduce an apprenticeship levy.
Companies with a paybill of over £3 million a year will be expected to make an investment in apprenticeships.
However, whether you pay into the levy or not, apprenticeship funding will change. Full details are still to be released by the government who are releasing information periodically. But it WILL mean that companies will have to make a contribution to the cost of training an apprentice.
There will still be funding available for an apprentice signed up before April 2017 and any apprentices who are currently employed will continue to be fully funded until the end of their current apprenticeship.
As soon as more information is available, we will keep you updated.
Until then, please consider your apprentice recruitment and think about getting them in place before April 2017 until the full impact of the levy is known.