Local employers gathered at Havering College on Tuesday 7th February to ready themselves for the new Apprenticeship Levy set to come into force this April 2017.
The levy aims to fund 3 million apprenticeships in the UK by 2020, through the application of a new tax to be paid by employers who have a pay bill of over £3 million, although there are wider implications for businesses of any size. The initiative was created to drive employers to invest in apprenticeships, with the size of the investment dependent on the size of the business.
The event provided up-to-date information about the changes to apprenticeships and what those changes mean to local businesses.
Steve Lee, Head of Skills and Apprenticeships said:
“The new apprenticeship reforms will affect all apprenticeship employers. The college is committed to developing the next generation of employees and will fully support any employer considering an apprentice.”
If you would like more information call our apprenticeship team on 01708 462 787 or visit the apprenticeships area of our website.