Apprenticeship Levy – Use it or lose it

With the upcoming deadline for the apprenticeship levy for the first year, don’t lose out. Use your levy to grow your talent, for your business.

If you have a payroll of £3 million or more, you will be making levy payments via your digital account. The time is running out to use your funds before they expire.  You are already paying for your work force training, make the most of your levy and invest your funds to train new recruits or up-skill staff.

You can use your levy to invest in training staff of any age, from trainees to senior managers and leaders.

Here at West Kent College, we have new programmes launched each month. 

You can invest your levy in training in areas such as:

• Leadership & Management
• Finance & Accountancy
• Professional Business Services
• Hospitality & Catering
• Customer Service

By using it to upskill some of your existing staff, you will not only enhance their learning and development plans, but also boost moral and support them with the introduction of new skills and help them their desire for promotion and succession planning. All of this will help with staff retention.

What happens if you don’t spend your levy in time?

Should you fail to spend all of your levy, they will leave your account and you’ll lose the opportunity for the 10% government top-up.  Other companies could also have access to your under-spent levy.

We can help you

As one of the South East leading apprenticeship providers, West Kent College can help you make the most of your apprenticeship levy. Our team provide a free organisational analysis to help you identify your skills and training needs. We can help navigate the funding rules, remove the challenge in managing your levy, to help you tailor your training needs for your work force.  For more information contact our apprenticeship team.