The main changes as a basic overview are:
Apprenticeship Levy & funding changes
Announced in the 2015 Budget by then Chancellor George Osborne, the Levy will charged at 0.5% of employers with a paybill exceeding £3m – as part of the Government’s drive to create 3 million apprenticeships in England by 2020. This came into force on 6th April 2017.
Non-Levy paying organisations will not be required to co-fund apprenticeships and pay £1 for every £9 funding contribution – there are also several changes to the funding ‘bands’ which relate to how much a particular apprenticeship is valued at for delivery.
Move from Frameworks to Standards
Groups of employers known as ‘Trailblazers’ are driving the move from Frameworks onto the new, employer-led Apprenticeship Standards
The standards show what an apprentice will be doing and the skills required of them, by job role. Standards are developed by employer groups known as ‘trailblazers’.
Download our Apprenticeship Reform Factsheet to learn more about the reforms by clicking the link on the right – and visit the Government’s Apprenticeship Levy calculator.
We understand that each business will be presented by different opportunities and challenges by the reforms, and that’s why we’re here to work with you – utilising the new funding arrangements to maximise the benefits for your apprenticeship & training needs.
Got any questions? Want to discuss with one of our expert team? Call 01254 54659 or email [email protected]
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