The Levy has come at a time when the need to drive a digital-first strategy has never been greater. The current skills gap is costing the UK economy over £63 billion a year, the Levy is designed to allow businesses to supercharge their investment in the skills needed to drive their organisation forward.
- £3 million
the Levy will only be payable on payroll in excess of £3 million per year
of employers payroll will be paid into a fund which is ring-fenced for apprenticeships
is how much non-levy paying businesses contribute towards the cost of an apprenticeship