This rapid read explains the Apprenticeship Levy, a UK government initiative introduced in April 2017 to encourage employers to support apprenticeship programs. It details how employers with an annual pay bill over £3 million must contribute 0.5% to a digital account for funding apprenticeship training and assessments. The guide highlights the benefits for employers, such as developing a skilled workforce and reducing recruitment costs, and the advantages for apprentices, including hands-on training, earning a wage, and avoiding student debt.
