In its 2015 Autumn Statement, the UK Government formally announced plans for the Apprenticeship Levy to be introduced in April 2017 at a rate of 0.5% of an employer’s payroll over £3 million. The new levy constitutes a major shift in how apprenticeships will be shaped, delivered and funded with a target of delivering three million new apprenticeship starts by 2020.
London-based K10 Apprenticeships Limited welcomes the announcement that the UK Government sees apprenticeships as one of the cornerstones of the skills system and growth agenda.
The introduction of the new Digital Apprenticeship Service model will provide employers across with much greater flexibility and control in determining and developing the skills they need to support business growth and eliminate skills gaps. Whilst the ‘big picture’ is becoming clearer by the day, the practicalities of the new scheme must be effectively guided by the needs of UK businesses if the scheme is to fulfil its potential. Legislation for the imposition and collection of the apprenticeship levy is proposed for introduction as part of the 2016 Finance Bill.
K10 Apprenticeships Limited has actively engaged with industry and UK Government stakeholders in formative consultation about the Levy and will continue to do so by providing our knowledge and experience to support the development and implementation of the new model. We are actively supporting clients to scope, structure and deliver their employment and skills strategies to maximise the opportunities generated by the Levy.
Please click here to read the relevant sections of the UK Government’s Autumn Statement.
K10 was launched in 2010 as an industry-led response to the declining number of apprentices in the construction sector and the difficulties that developers and contractors face in fulfilling their apprenticeship and training commitments. Our clients include Berkeley Group, British Land, Capital & Counties Properties, Grainger, Goldman Sachs, Heathrow Airport, London Legacy Development Corporation and 37 of the 50 largest construction firms in the UK. K10 has worked on over 100 major development schemes with a collective value in excess of £9 billion. We have started over 500 apprentices who have achieved more than 280,000 hours of training and experience.
For a full breakdown of the K10 Products & Service offering, please click here; K10 Products & Services 2015 or alternatively via the relevant section on our website.
K10 are excited about the prospect of support companies both large and small to make the most of the new apprenticeship levy. We can work with you to identify your skills gaps, design training that meets those needs and support you with access to the voucher scheme which we expect to have a value in the region of £3Billion.
Should you wish to contact us about the Apprenticeships Levy and the strategic opportunities it presents for your organisation, please contact Tom Storey at K10 on 0203 696 2660 or tomstorey@k-10.co.uk
