With employers with an annual pay bill of £3m+ paying 0.5% of this as an apprenticeship levy, these employers are also able to pledge up to 50% of their levy annually to support small and medium sized enterprises (SMEs), charities and social enterprises to fund their own apprenticeship training and assessment.
A key initiative within OxLEP Skills' Social Contract Programme, the 'Grow Your Own' Levy Pledge Initiative sees Oxfordshire's levy-paying businesses transfer their unused apprenticeship levy funds to other organisations within the county to support their own skills needs - rather than returning back to the Treasury.
In our latest video, Leah Bryan, Oxfordshire Apprenticeship Advisor for OxLEP Skills answers some of your key questions as to how the scheme works and how the initiative can support your business with your own skills requirements.
What exactly is OxLEP Skills’ Apprenticeship Levy Pledge Initiative?
How can OxLEP Skills’ Apprenticeship Levy Pledge Initiative support my business’ skills needs?
But how can OxLEP Skills support me through the Apprenticeship Levy Pledge Initiative?
How much funding is still available through OxLEP Skills’ Apprenticeship Levy Pledge Initiative?
For more information, email: [email protected]
Find out more about how OxLEP Skills can support your apprenticeship needs
