From April 2017 the way apprenticeships are funded is changing as part of a series of wider reforms to the apprenticeship system in England. These changes will impact both schools and academies, but in different ways and there are two key policies that we suggest you make sense of, to help you identify what impact, if any, these changes will have within your organisation and they are:
1. Apprenticeship Levy: all organisations with a pay bill or more than £3 million will be required to pay a 0.5% levy which will be collected by HRMC on a monthly basis
2. Apprenticeship Targets: all public organisations with more than 250 employees will be expected to designate 2.3% of its workforce roles as apprenticeships.
Your liability for either the targets or Levy will depend on a number of factors which are explained in more detail in the attached document. Apprenticeship Levy Targets Schools 30_01_17
For more information or advice contact: Maxine Sobers maxine.sobers@haringey.gov.uk