The apprenticeship levy is paid by employers with a payroll of over £3 million p.a. The Levy is 0.5% of your payroll and is collected through your HMRC digital account.
It is accessible for apprenticeship training over a 24-month period. If your payroll is less than £3 million, apprenticeship funding is still available to your business. You are eligible to receive 95% government funding for any apprenticeship training you enrol your staff on.
This makes apprenticeships a cost-effective solution for workplace training for all employers. Apprenticeship funding can be used to train, grow and upskill your existing workforce as well as new recruits or graduates. 78% of Mercuri’s learners would recommend apprenticeships to a colleague or manager.
How to pay for an Apprenticeship
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