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Apprenticeship levy - use it or lose it!

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Degree apprenticeships are an incredibly cost-effective way for companies to demonstrate vital competencies and to meet important standards.


The apprenticeship levy is a fantastic opportunity for businesses to ensure they have the skilled staff and knowledge needed to maintain competitiveness in international trade and supply chains, and to ensure the they have the proof of competency that is required for meeting many key regulatory standards.


However, it is an opportunity being wasted by too many businesses who have been paying into it, not using it and are now losing it.
 
Payments into the levy can only be used for 2 years, meaning a business who paid into the levy in April 2017 will now have lost the ability to use that payment towards the cost of putting their employees through a degree apprenticeship – including some of the programmes being run by the Institute of Export & International Trade.



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