Here at Bright Direction Training, we want to ensure that everyone is up to date on all the important changes happening around them. One thing that happens year after year is the updates applied to the Government-run apprenticeship levy.
2020 is no exception, with changes to the apprenticeship funding rules for August 2019 to July 2020. Therefore, we’ve kept ourselves up to date on all things apprenticeship so that we can keep you informed of all the important bits.
Apprenticeship Non-Levy Funding 2020
Always with a watchful eye, we noticed changes to the scheme at the very start of the year, which was set to benefit all employers.
Introduced to provide businesses with a payroll pay bill of £3 million and over access to funding, this would allow businesses to develop employee skills while reducing the skill gap.
Therefore, employers would pay into the levy pot automatically and could use these funds to recruit new apprentices or train their existing staff. However, this wasn’t so great for smaller businesses that weren’t able to take advantage of the government scheme.
However, that’s all changing!
Changes for Small Business
As we moved into the new year, you’ll be happy to hear that you can now take advantage of the changes in funding arrangement!
If you fall into the bracket of the non-levy funding, you can upskill your workforce or take on new apprentices to boost your company workforce. This can all be done without the heavy cost associated with training because the changes mean you only have to fund 5% of the apprenticeship cost.
Access to the Non-Levy Funding
This is great news for all those smaller businesses out there!
So, if you have highly motivated and skilled staff who are looking to, or you want to become a leader in your business, the courses can be partly funded by this levy as small businesses have access to the funding.
The process involved to access your training and funding is very straightforward. All you need is the employer PAYE reference number before creating an account on the Apprenticeship Service to get started.
If you want to know more or need assistance with the set-up of your account and getting access to your funding, don’t hesitate to give us a call and we can help you right away.