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Apprenticeship Levy

Asked by Jo WhiteLabourTreasuryTabled Answered 10 September 2024UIN 4292

The question

To ask the Chancellor of the Exchequer, if she will raise apprenticeship levy funding.

Answered by Darren Jones

The Apprenticeship Levy (AL) is currently paid by large employers, charged at a rate of 0.5% on an employer’s annual pay bill of over £3 million. The annual apprenticeship budget is then set by HMT, which funds training and assessment costs for apprenticeships.

This government is committed to transform the Apprenticeship Levy into a Growth and Skills Levy, which will allow employers to invest in a wider range of training.

The government will set out more details on the Growth and Skills Levy in due course.


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