Connect with us

Manor Royal

The new Apprenticeship Levy is good for business says Marie Harris of Beta Futures

Published

on

From April 2017, the introduction of the Apprenticeship Levy and the new Apprenticeship Standards will give all employers the opportunity to develop career pathways for everyone in their business from recruitment to retirement. 

As we all know, one of the greatest assets of any business, irrespective of size, is its staff.  It is therefore crucial to ensure that staff are given the opportunity to hone existing skills or develop new ones so that they can evolve with the business, stay motivated and remain productive.

The Role of the Levy

In 2015, the Government announced plans to introduce a tax on large businesses in the form of an Apprenticeship Levy.  The purpose of the levy is quite clear; it is to fund more apprenticeships and to provide a degree of sustainability and simplicity in the funding system. This is good news for business and even better news for aspiring apprentices.

From April 2017, all UK employers with annual salary bills of more than £3 million will pay this levy.  The rate will be charged at 0.5% of the employer’s pay bill.  The Government estimates that only 2% of employers will be eligible to pay the levy and this could raise up to £3 billion a year by 2019-20.   Employers with a salary bill of less than £3m will not have to pay the levy, although they will need to make a financial contribution (equivalent to 10% of the apprenticeship cost).

What to Look Out For

Apprenticeship funding will now be based upon a system of set-price bands and will no longer be dependent on age.  It is anticipated that there will be 15 bands representing sectors and levels. For example, entry level customer service may be banded at, say £4,000, whereas a level 3 Welding band would have a value of say, £12,000.

The employer and training provider agree on a price for an apprentice’s training and assessment within the standards funding band.  For a non-Levy paying employer, the government will pay 90% of the total agreed price up to the set maximum for that funding band and the employer will pay the remaining 10%.  Levy paying employers will have all the costs paid by the Government.

Benefits

The Government’s new Apprenticeship Standards put employers firmly in the driving seat in terms of what training their new recruits undertake.  They mean that existing employees may have a clear pathway to progression within an organisation, as the restriction on age limits for funding and prior qualifications have been lifted.

Recruiting young people as apprentices can pay dividends.  Young people bring fresh ideas, enthusiasm and energy.  They can be your best ambassadors and will always remember that you were the one who gave them a start in their working life.

How Beta Futures Can Help

As with any government scheme there is a lot to take in and administer.   We know from the work that we have done that there will be plenty of businesses who won’t know where to begin. Beta Futures is here to help at www.betafutures.com

Marie Harris, Managing Director
Beta Futures Ltd.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Business

New deal for Manor Royal BID

The Manor Royal BID Company has signed a new deal with Crawley Borough Council and West Sussex County Council aimed at supporting local businesses and boosting economic growth.

Published

on

The signing of the Manor Royal Deal comes on the back of the recent vote by businesses to renew the Manor Royal BID (Business Improvement District) and the successful Crawley Growth Programme bid to secure an investment package of £60m for the town.

A recent study revealed the increasing importance of the Manor Royal Business District that now provides over a quarter of all jobs in Crawley, more than 30% of all business rates for the town and a home to over 600 businesses.

More news: Crawley woman’s cut for cancer support centre

The study also highlighted the increasingly competitive environment in which Manor Royal operates and that close partnership working between businesses and the local authorities would be key to continued success.

The deal is the first of its kind in the county and sets out how the Manor Royal BID and the two councils will work together to plan and deliver additional services, including the Crawley Growth Programme, the new BID Business Plan, as well as respond to other opportunities as they arise.

“This Deal with the county and borough councils formalises what has become a very productive partnership over the past few years,” said Trevor Williams, Thales UK and Manor Royal BID Chair.

“The future programme is exciting but can only be achieved by clear and positive partnership between the BID and both councils. This is what the deal provides.”

Louise Goldsmith, Leader of West Sussex County Council, said:

“The business community’s vote of confidence in the Manor Royal BID is testament to all the hard work that’s gone into the initiative in the last five years.

“Now we’re looking forward to continuing to help forge effective business partnerships in the Manor Royal Business District in the future.”

Councillor Peter Lamb, Leader of Crawley Borough Council, said:

“Crawley Borough Council is committed to delivering better career prospects for local residents and to do that we need to maintain and develop Manor Royal’s status as one of the leading locations in the UK for doing business.

“The BID, in partnership with local councils, has already delivered much for the business district. This deal will enable us to take things to the next level.”

The three organisations are wasting no time and are already working together to plan the first projects to be delivered following the signing of the deal that will include new digital advertising signage and information boards, improvements to entranceways and significant investment in transport infrastructure.

Keep up to date with all the latest news.

Follow us on:

Twitter: @crawleynews24

Facebook: Crawleynews24

listen live

Continue Reading

Trending