The Apprenticeship Levy

The Apprenticeship Levy is a UK government initiative that requires large employers to contribute to a fund for workforce training, specifically for apprenticeship programs. Companies with an annual payroll over £3 million pay 0.5% of their payroll into this levy. The funds can be used to train new or existing employees in various skills. This program aims to boost the number of apprenticeships available, helping to fill skills gaps in the workforce and provide individuals with valuable job training and career opportunities.