Three ways to ensure you don't waste your levy

With £2.7 billion sitting unused in apprenticeship levy accounts, it’s clear many organisations aren’t taking advantage of the funding they’re entitled to.

Here are three simple ways that you can make the most of your levy:

1) Upskill existing staff

The apprenticeship levy is essentially a training fund, which doesn’t have to be used on new recruits. You can upskill existing members of staff – in areas such as leadership or management – to develop a stronger workforce.

2) Fill a skills gap

The apprenticeship levy can be an effective way of bringing fresh talent into your organisation, particularly if there is a specific skill that you need. Remember, apprenticeships aren’t just for school leavers – you can employ higher and degree-level apprentices, who will be capable of making an immediate impact on your business.

3) Share your levy

You can now share up to 10% of your levy with another company. A popular way of doing this is by sharing it with organisations in your supply chain.

If you would like advice on the apprenticeship levy, get in touch with our Training Solutions team.

You can email apprenticeships@weston.ac.uk or call 01934 411 594.

Alternatively, you can find out more on the team’s webpage.