Apprenticeships are changing. Prepare for the reform and #ExperienceDifferent at South Tyneside College.
Employees are the future of your business, so it’s essential that you recruit the very best, provide first-class training and offer a rewarding career that encourages loyalty and commitment. Here at South Tyneside College we can support you with all of your training requirements.
Contact the team to organise a one to one consultation on 0191 427 3500 or email apprenticeship@stc.ac.uk
What can we help you with?
We deliver the following as part of our Employer Engagement Department:
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Traineeships and work trials to identify and support future talent
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Apprenticeships including higher level apprenticeships
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Workforce development: professional and technical training across a range of vocational areas such as Engineering, Marine Industries, Accountancy and Management
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Bespoke training packages to meet individual employer requirements and needs
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Short, industry relevant courses such as Dementia Awareness and Food Hygiene
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Recruitment and funding support
Prepare for the Apprenticeship Levy with STC
From April 2017 the government is changing the way in which Apprenticeships are funded in England.
The Facts
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All employers with a wage bill of over £3 million are required to pay a 0.5% levy tax
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The levy is a tax of 0.5% of wage bill, paid via PAYE
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Employers will receive a £15,000 allowance to offset against their payments
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Your levy account will be accessed via the Digital Apprenticeship Service.Employers will use this electronic system to pay for apprenticeship training.
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The credit in your levy account has a life span of 24 months.
Levy Paying Employer Example
Wages Bill: 250 employees x £20,000 gross salary = £5,000,000 wage bill Levy Bill: 0.5 % levy tax x £5,000,000 wage bill = £25,000 levy bill Offset Allowance: £25,000 levy bill - £15,000 allowance + £10,000 annual levy payment |
Non-Levy Paying Employers
Not all employers will pay the apprenticeship levy. If you are classified as a SME with a wage bill of under £3 million then you will be effected by the apprenticeship funding reforms in a slightly different way.
Do you have 50 – 250 employees? If so, from April 2017 you will be expected to make a 10% co-investment contribution towards the cost to train an apprentice. The government will pay the remaining 90% co-investment amount towards training costs to support you to develop your workforce.
For example:
Business Admin Apprenticeship Level 2 - Total training cost is £2,000 Employer co-investment paid to STC = £200 Government co-investment paid to STC = £1,800 |
Do you have under 50 employees? If so, you may be exempt from paying for apprenticeship training. You may also be eligible for additional incentives to recruit and train 16-18 year olds and 19 – 24 year old apprentices who are care leavers and / or have a Local Authority Education, Health and Care Plan.
Not sure how the apprenticeship reforms will impact on your business? Contact a member of the work based learning team for further information on 0191 427 3500 or send an email to apprenticeships@stc.ac.uk