The way that the government funds apprenticeships is changing next year and the reforms will affect all employers from April 2017.
A new apprenticeship levy is being introduced for all public and private sector employers with a pay bill of more than £3 million a year.
The future funding of apprenticeships will also change for non-levy payers including small to medium sized businesses.
Employers can find out more at a briefing, and question and answer session, led by The Sheffield College at the South Yorkshire In Business Event on September 29th.
Andrew Hartley, Director of Business Development, The Sheffield College, will lift the lid on the apprenticeship reforms.
His session at 10am will cover apprenticeship opportunities, the levy’s impact on large employers, how apprenticeship funding will change for smaller employers not paying the levy, the levy timetable and how it links to regional skills priorities.
Andrew said: “The national apprenticeship reforms will affect all employers in Sheffield City Region. The College is committed to ensuring they are well prepared to benefit from the changes which will enable them to invest in new talent, boost skills, grow their workforce and develop their competitive edge.”
The South Yorkshire In Business Event runs from 8am until 3pm on September 29th at Magna Science Adventure Centre on Magna Way in Rotherham.
It is supported by the three South Yorkshire Chambers of Commerce, Barnsley and Rotherham, Doncaster and Sheffield. For more information, visit https://www.visitmagna.co.uk/events/south-yorkshire-in-business-event.
The Sheffield College – which has a £321 million economic impact on the city annually - works with 850 employers to deliver apprenticeship programmes in a wide range of industry sectors for more than 2,000 apprentices. Follow us on Twitter and Linkedin.
Apprenticeship levy key facts:
Source: Apprenticeship levy: how it will work. Department for Education Guidance: August 12th 2016. For more information, click here.