From 6 April 2017, large employers from both the private and public sectors will have to pay into the government’s new Apprenticeship Levy, which is a mandatory tax that will apply to companies with a UK payroll bill over £3m per annum.
Walsall College, an approved provider on the recently published Register of Apprenticeship Training Providers (RoATP), held a free workshop on Monday 3rd April to get businesses up to speed with all the facts surrounding the Apprenticeship Levy.
Over 30 businesses attended the breakfast event, which was held at the college’s £11m business and sports Hub, and gave employers an opportunity to gain a better understanding of how the levy will affect them and how they could take advantage of it.
The workshop included a presentation delivered by James Norris, Assistant Principal for Commercial Development at Walsall College, covering how much employers will have to pay and the incentives that are available to employers. Corin Crane, Chief Executive at the Black Country Commerce will also be discussing the positive impact the levy may have on the regional economy and the opportunities for employers.
Walsall College’s experienced Business Training Solutions team were also on hand at the event to ensure delegates returned to their organisations fully prepared for the changes that will affect them.
James Norris, Assistant Principal for Commercial Development at Walsall College, commented: “In the Black Country, 66 per cent of employers report that they have skills shortages, indicating that technical, practical and job specific skills are an issue with skilled trades the most difficult vacancies to fill. In our region we also need to upskill around 103,000 people to NVQ L4 or above, just to keep up with national growth.
“Apprenticeships are a great way to address these issues as they are a fantastic way for businesses to develop new talent and pass their knowledge on to the next generation of workers. They also provide young people with the opportunity to gain valuable skills and real work experience that will lead to greater employment prospects in the future.
“The apprenticeship levy will impact around three to four hundred businesses in the region; creating a fund of around £13m, however the reforms will also impact non levy paying employers.”
If you are an employer and would like more information about the Apprenticeship Levy, please get in touch with the college’s Business Training Solutions team on 01922 6571129 or email email@example.com