The Apprenticeship Levy

Welcome to our comprehensive guide to understanding and benefiting from the UK Levy system. Our mission at Corndel is to help organisations and individuals harness the full potential of the levy, and this resource will provide you with all the necessary information to do just that.

What is the Apprenticeship Levy?

The levy, or apprenticeship levy, is a government initiative introduced in April 2017 to promote professional training in the United Kingdom. It aims to close the skills gap, boost workforce capabilities, and support economic growth.

Employers with an annual pay bill exceeding £3 million contribute 0.5% of their total pay bill, minus a £15,000 annual allowance, to the levy. These funds are allocated to a digital account, which employers use to finance approved training programmes.

Key aspects of the UK apprenticeship levy include the digital account, a convenient platform for employers to manage their levy funds and apprenticeship schemes. Employers should actively utilise their funds as they expire after 24 months. The government offers co-investment covering 95% of extra training expenses for employers who have depleted their levy funds. Additionally, employers can transfer up to 25% of their annual levy funds to other organisations to promote collaboration and growth.

Benefits of the levy

Why the levy matters for your organisation

By comprehending the benefits of the levy, organisations can effectively strategise and seize the opportunities it offers for workforce development and business growth. Beyond being a cost-effective option, the levy provides a range of additional benefits, including:

Increased productivity

Work-based training programmes funded by the levy can provide businesses with a cost-effective way to improve the skills and knowledge of their workforce, resulting in increased productivity. Participants can learn new skills while applying them in real-world situations, which can lead to more efficient and effective work.

Enhanced reputation

By investing in training, businesses can demonstrate their commitment to developing their workforce and supporting their employees’ career growth. This can enhance their reputation among customers, clients, and potential new hires, positioning the business as a leader in their industry.

Improved staff retention

Offering training can help businesses improve staff retention by providing employees with a clear path for career progression and professional development. Up-skilling can also help to create a positive work culture and increase employee engagement and job satisfaction.

Access to new talent

Apprenticeships can provide businesses with access to new talent and diverse perspectives, which can help to drive innovation and creativity. By recruiting apprentices, businesses can bring in individuals who are eager to learn, motivated to succeed, and can contribute fresh ideas to the organisation.

Improved innovation

Apprenticeships can help to drive innovation by introducing new skills, knowledge, and ideas into the business. Apprentices can bring a fresh perspective to existing problems, challenge existing practices, and provide solutions to complex issues.

Improved employee morale

Offering training can help to improve employee morale by demonstrating that the business is invested in its development and career growth. Apprenticeships can provide employees with a sense of purpose and achievement, leading to increased job satisfaction and motivation.

Boost your business with Corndel

How to use levy strategically to grow your business

With Corndel’s support, businesses can identify the skills gaps in their workforce and invest in customised training programmes to address them. This can lead to improved productivity, employee retention, and overall competitiveness. By partnering with Corndel, businesses can maximise the value of the apprenticeship levy and unlock the full potential of their workforce.


Assess and Address Skill Gaps

Conduct a thorough analysis of your workforce to pinpoint areas in which targeted training and development can yield substantial benefits for your organisation.

Integrate Training with Business Objectives

Craft training programmes that not only address skills gaps but also align seamlessly with your organisation’s strategic goals and long-term growth plans.

Partner with Top-tier Training Providers

Select training providers, such as Corndel, who boast a track record of delivering industry-leading programmes and unparalleled expertise in their respective fields.

Implement Continuous Monitoring and Evaluation

Establish a robust system for tracking and assessing the progress of your Levy-funded training initiatives, ensuring they consistently deliver the desired outcomes and contribute to overall organisational success.

Foster a Culture of Lifelong Learning

Encourage employees to take ownership of their professional development by creating an environment that values continuous learning and growth. Offer internal workshops, webinars, or seminars to reinforce the importance of upskilling and reskilling within the organisation.

Collaborate and Share Knowledge

Facilitate networking and knowledge-sharing opportunities among employees participating in Levy-funded training programmes. This can be achieved through mentorship programmes, cross-departmental projects, or regular discussion forums, fostering a collaborative learning culture and promoting the exchange of ideas and best practices.

The levy and your business: How much can you access to invest in growth?

The levy is an influential resource for businesses aiming to invest in growth, and understanding the amount you can access is essential. To facilitate this, a levy calculator tailored for businesses like yours has been developed. This calculator enables you to promptly determine the levy funding available for upskilling your workforce. By utilising this tool, you can make informed decisions on how to harness the levy to expand your business and maintain a competitive edge in your industry.

Don’t miss this opportunity – use our Levy Calculator to calculate your funding potential now.

Customised solutions for business growth

Elevate your workforce with levy-funded apprenticeships

Our company specialises in providing customised apprenticeship programs funded by the Levy to help businesses improve productivity, enhance innovation, and boost employee retention. Our team works closely with your business to create tailored training solutions that fit your specific needs and objectives, providing your employees with valuable professional development opportunities. With our expertise and resources, you can maximise the benefits of the Levy and elevate your workforce.