2017 Apprenticeship Reforms – Make sure you understand the changes

24 Feb 2017

Business Business School

This spring sees the introduction of a number of reforms to Apprenticeships. There are two major changes that will come into effect, so we want to ensure that you are fully informed of how these changes will affect your business.

From 1st May 2017, businesses with an annual pay bill of over £3 million will pay into a mandatory ‘Apprenticeship levy’, which can then be used to invest in Apprenticeship training. Businesses with a wage bill under £3 million, who do not pay the levy, will be required to pay for 10% of the cost of their Apprenticeship training, with government paying 90%. This will apply to any Apprenticeships commencing after 1st May 2017.

St Helens Chamber is committed to supporting local businesses and we will continue to ensure that we are offering you the best training at the best price. Depending on the type and level of qualification, from May, Apprenticeships will cost between £200 and £900. All Apprenticeships started before May 2017 remain fully funded, so if you are thinking of offering training for your staff this year, it may be in your best interests to act now before the changes come into place.

Apprenticeships have been vital in developing the workforce of many businesses. We deliver qualifications in a wide range of areas and levels, to staff of all ages. Please click here to view the range of training we can offer.

For more information about Apprenticeships please contact our Workforce Development Team on 01744 742333 or email workforce@sthelenschamber.com and we will be happy to discuss your needs.