Founder member of FECMA

Advancing the credit profession

COVID-19. Government Levy and funding

Covid-19 response for apprentices
These are difficult times for employers, apprentices and providers of apprenticeship training and assessment. CICM would like to reassure you that we have contingency measures in place and will strive to continue the delivery of CICM virtual classes, professional qualification assessment and apprenticeship end-point assessments to support apprenticeship completion. Find out more here.

 

Apprenticeships benefit employers and individuals, and by boosting the skills of the workforce they help to improve economic productivity. The Government has undertaken a number of funding reforms to support an increase in the quality and quantity of apprenticeships so that more individuals have the chance to pursue a successful career.
From 6 April 2017 as an employer, you will have been paying the Apprenticeship Levy each month if you:

  • have an annual pay bill of more than £3 million
  • are connected to other companies or charities for Employment Allowance which in total have an annual pay bill of more than £3 million

Smaller employers do not have to pay the levy but are able to benefit from generous government support to pay for apprenticeship training.
Visit the Government website for the latest information on the Apprenticeship Levy and funding.
For further advice on Apprenticeships E apprenticeship@cicm.com or T 01780 722 909.