Are you gaining the most from your Apprenticeship Levy funds?
NowSkills has been helping committed apprentice employers gain the most from their apprenticeship levy funds, by working with them to deliver challenging IT apprenticeships that equip apprentices with the skills, knowledge, attitudes and behaviours to embark on meaningful and rewarding careers
Your Apprenticeship funds can only be used for apprenticeships that are approved for delivery by the Education and Skills Funding Agency (ESFA). NowSkills ensures that your funds are correctly spent and only offers approved apprenticeship programs that your apprenticeship Levy funds can be used for.
What can I not spend my apprenticeship Levy funds on?
The ESFA funding rules for apprenticeship are clear and your apprenticeship levy funds are specifically designed to pay for new skills for apprentices and there is a specific list things that the funds cannot be spent on.
These include the following:
Travel and subsidiary costs
Work placement programs
Administration of your internal apprenticeship program
Statutory licenses to practice
The costs of setting up an Apprenticeship program
How are Levy funds calculated?
In order to find out how your levy funds are calculated, just click here!
To make it easier for you, we’ve already set up a system that calculates your full funding.
Also, here’s a full guide explaining how levy speeds are calculated.
Finally, for the latest rules on funding or if you have questions, please contact us