What can i spend my Apprenticeship Levy on?
What you CAN and CAN’T spend your Levy funds on
What you can spend your Apprenticeship Levy on!
- Apprenticeship Standards
- End Point Assessment
Even though you can only spend your Levy on Apprenticeship Standard Qualifications there is a huge variety available covering all aspects of your business.
Take a look at the Apprenticeship Standards available to use with your Apprenticeship Levy here.
End Point Assessment is 20% of the overall funding for the qualification.
If a learner was to start a Level 3 Team Leader Supervisor Apprenticeship Standard which totals to £5,000
80% will be drawn out of your account over 18 months (£4,000)
Therefore, the remaining 20% for the End Point Assessment will be debited out of your account upon the learner completing their EPA.
What you can’t spend your Apprenticeship Levy on!
Below is a list of what you can’t spend your Levy funds on, meaning you cannot draw funding out of your digital account.
- Travel subsidiaries
- Work placements
- In-house training programmes
- Licences needed to practice
- Commercial training
For instance, if you were to employ a new manager you can use your Apprenticeship Levy funds to train them within their new management role.
Training existing staff
Maximise the use of your Apprenticeship Levy by training existing staff.
The main areas to consider when selecting existing staff are:
- Project Management
- Operations/Departmental Management
- Human Resources
- Financial Services
- Team Leader Supervisor
- Learning & Development
Training your existing staff will help use your Apprenticeship Levy funds. Have a read of our blog ‘Apprenticeships are for everyone‘ to get a better idea of who can enrol onto an Apprenticeship
Training existing staff will also teach them new skills within their roles therefore increasing staff retention.
Additional incentives for young Apprentices
If you were to take on an Apprentice between the age of 16-18 you will receive a £1000 incentive. £500 will be paid once the Apprentice has completed 3 months of the Apprenticeship Standard. The final £500 will be paid once the Apprentice completes their End Point Assessment.