Payroll more than £3 million p.a.
Since April 2020, if you’re an employer with a payroll in excess of £3 million each year, you must pay into the Apprenticeship Levy. Any apprentices you choose to hire or utilise to upskill your existing workforce would be paid from this. If you don’t utilise your levy, after two years your money will be returned to HM Treasury.
Payroll of less than £3 million p.a.
As non-levy paying employers, you share the cost of training and assessing your apprentices with the government, known as co-investment. What that means is you pay 5% towards the cost of apprenticeship training and the government pays the rest (95%).
- Employers with less than 50 employees get full funding for training 16-18-year-old apprentices
- ALL employers receive a £1,000 grant for recruiting a 16-18-year-old.