Welcome to our latest edition of Smarttalk
Smarttalk is our Apprenticeship Brochure filled with all the latest news and updates regarding Apprenticeships, Levy’s, Funding Changes and more!
What’s covered in this edition of Smarttalk?
Brexit – What does this mean for Apprenticeship funding, training providers, employers and the introduction of the new Levy (tax)?
The majority of funding for colleges and training providers is distributed by the Skills Funding Agency (SFA) and the Education Funding Agency (EFA). The SFA distributes European Social Fund (ESF) funding on behalf of the UK government, with 107 providers including colleges and independent training providers receiving more than £305 million collectively in 2014/15.
The European Alliance for Apprenticeships launched in July 2013 brings together governments with key stakeholders to strengthen the quality, supply and image of apprenticeships across Europe. Organisations from all over Europe, including the UK, have made pledges to support the work of the alliance, including Apprenticeships 4 England, the Welsh Government, and Apprenticeships in Scotland.
What is the apprenticeship levy?
The government is introducing the apprenticeship levy to help fund three million new apprenticeships by 2020. The levy will be applied to all industries in the UK. It is proposed to replace all apprenticeship funding currently provided by the government for companies of all sizes. The levy will come into effect on 6th April 2017 for the largest UK employers at a rate of 0.5 per cent of their wage bill, and will be collected through PAYE.
To view more of the Winter Edition of Smart Talk, please click here.