Yorkshire leaders outline Autumn Statement.
Director of Business Academy, Rachel Thomas features in Insider Media to discuss the utilisation of apprenticeship levy as part of the 2023 Autumn Statement.
Training provider The S&A Academy called for greater clarity and change to the Apprenticeship Levy. Director Rachel Thomas said: “Many businesses are put off by the idea of paying the levy and an apprentice’s salary – they see it as a lose/lose rather than a scheme that could lead to sustainable growth and deliver a net benefit.
“Many larger employers don’t realise that if they don’t spend their levy funds each year, it’s effectively money wasted. They also may not know that whilst apprentices must be paid a salary, they aren’t liable for Employer National Insurance Contributions. As such, the levy is misunderstood and undervalued.
“The system should be simplified and deliver a tangible incentive for employers that are willing to invest in reskilling and launching their own apprenticeship programmes. Employers that do this are showing their commitment by giving learners access to rewarding career paths and mentoring them through the process.
“There also needs to be better signposting from Government, so employers and learners know where they can go for information. For employers, greater clarity about the delivery models available is required so they understand that courses can be delivered in a variety of ways, according to their requirements.”