With Apprenticeships now ‘the cornerstone of the skills system’, Birmingham Metropolitan College (BMet) is reaching out to engage employers on the new Apprenticeship Levy plans outlined by the Chancellor in this afternoon’s 2015 Spending Review and Autumn Statement.
The Levy, first announced in the Summer Budget will support the target set by the Government to generate three million apprentices by 2020. From April 2017 the Apprenticeship Levy for employers will be set at 0.5% of their pay roll cost and will be offset by a £15,000 allowance. This means an employer would need payroll costs in excess of £3 million to pay the Levy.
BMet Principal Andrew Cleaves commented: “We are currently working with local employers likely to be affected by the Levy, looking at how best to make this work for their businesses as an investment in workforce training and development.
“A significant proportion of the three million Apprenticeships are likely to be in the West Midlands, which is excellent news for local industries.
“The college is ready to share our expertise of recruiting and training to help employers benefit from the Levy.”
With college locations across Birmingham and the Black Country, BMet is currently recruiting 200 new apprentices between now and January for businesses in the immediate locality and across the rest of the UK. This figure will increase significantly in 2016 and beyond in order to support high industry demand.