APPRENTICESHIP LEVY FUND

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The Skills Service is supporting the Cambridgeshire & Peterborough Combined Authority’s Apprenticeship Levy Pooling Service which is helping businesses unlock vital funding for training and apprenticeships in our region from the Apprenticeship Levy.

The Apprenticeship Levy is paid by businesses with annual pay bills in excess of £3 million, and unspent funds can be transferred to support other businesses, dramatically increasing recruitment in emerging companies and sectors.

 

Did you know?

After two years, any unused money paid into the Apprenticeship Levy will expire and return to the treasury.

Employers who pay the Apprenticeship Levy can share up to 25% of their funds with other organisations to cover the costs of training and apprenticeships.

If you are a business that does not pay into the Levy, you may be able to get 100% of your costs for training or apprenticeships covered via the Levy Pooling service.

If your business would like to discuss sharing funds or wants to benefit from additional support for non-levy payers, please get in touch on info@theskillsservice.co.uk

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