Millions of pounds of levy money going unspent

Fri, April 20th, 2018

On the first anniversary of the introduction of the Apprenticeship Levy,

On the first anniversary of the introduction of the Apprenticeship Levy, it has recently come under a lot of scrutiny as businesses, training providers and the public alike look to the Government for answers on how well it is working.

Research published by the Open University has shown that since it was introduced £1.3 billion has been paid into the Levy by businesses in England, yet to date only £108 million of this has been drawn down to pay for Apprenticeship training, highlighting the difficulties many businesses are still facing in navigating the new world of Apprenticeships.

“Don’t struggle alone”

If you are one of the 50,000 organisations in the UK paying the Apprenticeship Levy who is struggling to use your levy, then the message from St Helens Chamber is “don’t struggle alone”.

Joanne Abraham, Director of Training Services, explains: “Last year’s Apprenticeship reforms completely shook up the Apprenticeship system in the UK and left a lot of businesses, large and small, struggling to navigate the new system.

“Our greatest concern is that money ring-fenced for Apprenticeships is now sitting there unspent, and will potentially be lost if it expires before it is spent, because firms are still unsure of how to draw down and invest the money in their staff training.

“I would urge any businesses in Merseyside who find themselves in this situation to please get in touch and let us help. We have already helped lots of local companies to successfully invest their levy in their staff development, who are now seeing fantastic results for their business. So please don’t struggle alone – we are on hand to help.”

Support is on hand

St Helens Chamber will carry out a free training needs analysis of your workforce and create a fully-costed training plan, which allows you to recoup the maximum value from your Levy contributions through investing in staff training.

To find out more about how we can help call the Workforce Development Team on 01744 742333 or email workforce@sthelenschamber.com

More Chamber News

Councils to receive over £50 million to support Brexit

Fri, February 8th, 2019

Councils in England to receive over £50 million to support Brexit preparations More

Shake-up of rail fares system could improve journeys

Thu, February 21st, 2019

Proposed shake-up of rail fares system - Rail Delivery Group More

Quarterly Economic Survey: Q1 2019

Thu, February 21st, 2019

The time has come to have your say in this quarter’s QES! More

Want to upload your own news and events? Click here to find out how

Members can submit news items and events relating to their business