By law you must pay the Apprenticeship Levy if your wage bill is over £3m.
What you pay in you can get back as an allowance to spend on apprenticeships. If you don't spend your allowance you lose the money from your bottom line, it's as simple as that.
Your next steps:
Get signed up.
You can't spend your levy allowance without being signed up for a Digital Apprenticeship Service Account. You do that here: https://manage-apprenticeships.service.gov.uk
Train the right staff.
Your first consideration should be to spend your levy allowance on quality apprenticeships for managers and team leaders - they are the people who drive productivity across your business.
Choose the right provider.
Your training provider should have:
The stability to deal with bumps in the road during this period of significant change.
The acumen to understand your business and how you can leverage the best ROI from the levy.
The expertise to deliver high quality management and team leading apprenticeships which are aligned to your business.
As well as a full range of levy services, Ingeus has the stability, acumen and expertise you need.
We operate in 11 countries, including the whole of the UK, and we're part of the NASDAQ-listed Providence Service Corporation.
With our Deloitte heritage we have the capability and capacity to provide essential consultative business advisory services.
Our management and team leading apprenticeships are quality approved by the Institute of Leadership & Management (ILM) and are fully-funded by the levy.
We are also the only training provider in the UK to be a certified B Corp due to our rigorous standards of social and environmental performance.
Call us 0845 330 8184. We'd be happy to visit you to discuss maximising the opportunities and avoiding the risks of the Apprenticeship Levy.