Recruit, Upskill and Develop Your Workforce Using The Apprenticeship Levy
At Future Training, we are committed to ensuring that every levy payer maximises their apprenticeship levy funding for meaningful learning and development within their organisations. Since the introduction of the apprenticeship levy in 2017, over £2 billion of apprenticeship funds have gone unused, with funds expiring after 24 months.
The apprenticeship levy is a UK tax applicable to employers with an annual pay bill exceeding £3 million, set at 0.5% of their total pay bill. This funding can be accessed through the Digital Apprenticeship Service (DAS) for both new and existing employees and must be used for training provided by an approved training provider.
0.5%
PAID IN TO APPRENTICESHIP TAX LEVY IF WAGE BILL IS £3 MILLION OF OVER PER YEAR
£2
OVER £2 BILLION HAS BEEN UNUSED SINCE APPRENTICESHIP LEVY TAX WAS INTRODUCED IN 2017
24
YOU HAVE 24 MONTHS TO USE LEVY FUNDS ONCE THEY DROP INTO YOUR ACCOUNT
LEVY FUNDED TRAINING
Using your Apprenticeship Levy means you can fund apprenticeship training programmes through this and not pay anything towards the cost of the programme.
We can help you to access your account and start using this to fund apprenticeship training programmes.
If you are an employer with a payroll of £3million or less per year, you can still utilise the apprenticeship levy by receiving 95% funded training programmes, or we have organisations who would be willing to gift share their unspent levy to you.
To apply for apprenticeship levy through levy employers:
The Apprenticeship Levy is a UK government initiative introduced in April 2017. It is a tax on employers with an annual pay bill over £3 million, set at 0.5% of their total payroll. The funds collected are used to support apprenticeship train ing across various sectors.
Any UK employer with an annual pay bill of more than £3 million is required to pay the levy. This includes businesses in both the public and private sectors.
The levy is collected through the Pay As You Earn (PAYE) process, and it is automatically deducted from an employer’s payroll. The funds are then credited to the employer’s Digital Apprenticeship Service (DAS) account and must be used within 24 months of being received.
Employers can use their levy funds to pay for apprenticeship training and assessment for their employees. This can include training for both new recruits and existing staff, as long as the training provider is approved by the DFE.
WHY FUTURE TRAINING
INDUSTRY-RELEVANT TRAINING Developed in collaboration with industry experts to ensure relevance and effectiveness
EXPERIENCED TRAINERS Learn from professionals with extensive field experience
FLEXIBLE LEARNING OPTIONS Various training formats to accommodate your schedule and learning style
SUPPORTIVE ENVIRONMENT Personalised support and guidance throughout your apprenticeship
FREE RECRUITMENT SERVICE We will provide a free recruitment service by sourcing applicants for your vacancies at no charge to the business
ACCREDITATION AND OFSTED RATING Accredited and have been recognised with a “Good” rating by Ofsted
RELEVANT QUALIFICATIONS AWARDED Learners will receive relevant qualifications funded by us to support the apprenticeship programme
GET IN TOUCH
We’re happy to support. Let us know how we can help and we’ll be in touch.
