With effect from May 2017, all employers with a pay bill of more than £3 million a year will pay a 0.5% levy to the government to fund the growth of apprenticeships in the UK.
For example, a company employing 1,500 people will contribute approximately £215,000 directly to the Levy pot.
Clearly you will want to be able to access your money so you can spend it on training that adds value to your business.
But what if you don’t employ many apprentices?
What if you do want to spend your money on developing your managers?
Well the good news is that you can and we can help you do that.
The Reality Business are an established provider of management training and we are on the government’s register of apprenticeship training providers (RoATP).
This means we can work with you to develop management training programmes that meet your needs and the government’s criteria to access your funds.
Let me give you an example:
You have identified 8-10 of your Team Leaders/Supervisors that are ready for management development.
You want a programme that develops practical management skills via a mixture of workshops, tutorials and computer based training.
You also want a programme that leads to a recognised management qualification (e.g. CMI Level 3).
As long as there are sufficient funds in your Levy pot the full costs of such a programme could potentially be covered.
Would A Phone Call Help?
If you would like to understand more about your levy contributions and how you can access these for management training please pick up the phone or drop us a quick note here and we’ll give you a call when it suits.