The Apprenticeship Levy can be a complex minefield for many so we’ve pulled together our two top tips to help you to maximise the opportunity.
- Wave goodbye to National Insurance Contributions
Did you know that if you’re an employer of apprentices under 25, there is no need to pay towards their national insurance contributions? The government introduced this measure in April 2016 in a bid to increase the number of young people choosing apprenticeships (instead of university) as a path into skilled employment.
- Tap the £10 million fund designed to boost the number of degree apprenticeships
Degree apprenticeships offer academic learning alongside work experience and critically enable employers to work with organisations to ensure the course content matches business need as a part of a ‘Trailblazer’ initiative. There are now 1,300 Apprentice employers who are designing the programme in a broad range of jobs from TV production to Legal Executives. If you’re interested, you can find out more here.
Skills Minister, Nick Boles, commented: “We have made it even a better value for businesses to take on a young Apprentice. Businesses will no longer need to pay national insurance contributions for Apprentices under 25. Apprenticeships will make sense for young people and for business.”
If you’re an employer and want to know more about how you can use the apprenticeship reforms to leverage your learning and development budget, please contact Michaela.Reaney@gradvert.com, who is our in-house Apprenticeship Levy specialist.