Posted : 8 yearsago by mandy crawford-lee
The Apprenticeship Levy and Higher Education
The Apprenticeship levy has been set by the Chancellor at 0.5% of payroll for employers in both the public and private sectors with a payroll of over £3m and all employers will receive an allowance of £15,000 to offset against payment of the levy. The Apprenticeship levy will be introduced in April 2017 and is expected to raise £3bn annually. Employers will be able to recover their levy payments when they spend on Apprenticeship including Higher and Degree Apprenticeships. Employers may well be able to reclaim more than they actually pay in levy. Smaller employers will still be supported to deliver Apprenticeships.
Universities and colleges will want to explore a number of issues.
UVAC predicts major changes in employer behaviour particularly in the public sector; health, social care, education etc. Apprenticeship Standards are, of course, being developed in a very wide range of occupations in the private sector with substantial support from employers and professional bodies – how employers will respond is uncertain, but there could be major changes in behaviour. Employers spending on training with HEIs and FECs will want to recover levy payments. If an HEI or FEC doesn’t offer Apprenticeship provision an employer may well go elsewhere. Employer recruitment practices could change. Will there be a move from graduate recruitment to Apprenticeship recruitment at age 18/19?
UVAC can advise members on the above issues. A summary of the support UVAC can provide is available here.
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