It is approaching three years since the Apprenticeship Levy was introduced and it’s clear that many businesses are still uncertain about how to best utilise it.
Apprenticeships are a brilliant way for individuals to earn while they learn and are a reputable alternative to university. The levy was introduced to encourage businesses to see the potential that apprenticeships can bring and give individuals the chance to prove themselves in the world of work from the outset. Levy paying employers have already lost £133m of unspent funds that they will no longer be able to access and utilise.
We surveyed over 600 CIPD HR leaders to find out exactly what was stopping them from utilising their funds which revealed less than 50% of respondents saying they felt they were making the most of their apprenticeship levy contributions.
So, what are the key blockers preventing employers from getting value from the fund?