The Government aims to create three million apprenticeships by 2020 to help address the nation’s skill shortage.
In order to encourage and motivate businesses to participate in getting young people into apprenticeships, the Government have introduced the Apprenticeship Levy Payment, this came into effect in April 2017.
So how does the Apprenticeship Levy work?
CASCAID have produced a report which highlights how the levy will affect the employer and how it will benefit businesses and young people.
This eBook includes information on:
- How the levy is calculated
- How an employer will benefit
- What can the funds be used for
- Funding Bands
- What training will be covered in the new levy-funded apprenticeships
Download the eBook here