In April 2017 the way the government funds apprenticeship training in England is changing and the Apprenticeship levy will be introduced. All employers in the UK, with a pay bill of over £3 million each year, will be required to pay 0.5% of their annual pay bill to HM Revenue and Customs through the Pay as You Earn (PAYE) process. This money can then be used to pay for the training and assessment of apprentices in England using a new digital apprenticeship service. The levy money can not be used to pay for their salary.
The Government will apply a 10% top-up to the funds which will be applied at the same time the funds enter the digital account. That means for every £1 that enters a schools digital account, you get £1.10. Levy funds will expire 24 months after they enter the digital account unless the school spends them on apprenticeship training, and expired funds will be reallocated to committed employers through the top-up of their accounts.
Academies will be responsible for their own levy payments if applicable, i.e. if their pay bill is over £3 million each year. If the Academy is a non levy paying academy, they will not use a levy account to pay for their apprentices training. Instead, they will be asked to make a contribution to any apprenticeship training costs and the government will pay the rest (up to a maximum amount for that apprenticeship) which is called ‘co-investment’.
Interested apprentices wanting to work in the TEACH Trust should make contact by writing formally to the CEO, Mrs Kate Carter, and outlining training requirements, interests, ambition etc. Applications should be made by the end of the academic year for commencement in September.