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leisure design & build is the premier title for specifiers, architects and operators active in the ever-growing leisure build sector. ldb is the only magazine to link the construction and the leisure industries, it encompasses developments across both the private and public sectors to give a truly holistic view of the way the industry is performing and developing.
News - May/June 2017
Levy set to double investment in apprenticeships to £2.5bn
THE new apprenticeship levy, which came into force in April, is expected to double the investment in home-grown skills.
The levy will require all employers in the UK with an annual wage bill of over £3m to pay 0.5% of it towards funding apprenticeships. The money will be invested in quality training for apprentices and double the annual investment in apprenticeships in England to £2.5 billion by 2019 to 2020, compared with 2010 to 2011 levels.
Employers in England can set up an online account to manage their funds and invest in training for apprentices working for them - currently around 100 accounts are being set up every day. The Government will then provide a further 10% top-up to levy contributions each month into employers’ accounts.
Generous support will also be provided for smaller employers with an annual pay bill below £3m and therefore not required to pay the levy. The Government will pay 90% of the costs of training and assessing their apprentices.
In addition, companies with fewer than 50 employees that take on apprentices aged between 16 and 18 will have 100% of their training costs paid for.
Skills Minister Robert Halfon said: “Building an apprenticeship and skills nation is essential in ensuring that we have the home-grown workforce we need in post-Brexit Britain to address the skills shortages facing industry and give everyone the chance to succeed.”