Cameron asks businesses to share views on apprenticeship levy
Levy will enable employers to choose and pay for apprenticeship training and will be introduced in 2017
Prime minister David Cameron has launched a consultation on the introduction of an apprenticeship levy, and is asking business owners across the country to share their views.
Set to be introduced in 2017, the levy is designed to increase investment in training and apprenticeships and will enable employers who put in funds to have direct spending power over it.
The consultation follows news that investment in training by UK businesses has “fallen consistently” over the last 20 years, with UK productivity now lagging behind several other major OECD countries.
For the consultation, business owners are being asked to outline how they think the levy should be paid, how it should work for employers, and how best to give employers control of apprenticeships.
Levy systems already operate in over 50 countries, including the Netherlands, Denmark and South Korea.
Cameron commented: “The greatest asset any employer has is their workforce.
“As a one nation government, we are committed to supporting three million quality apprenticeships over the next five years – to help strengthen our economy, deliver the skills that employers need and give millions more hardworking people financial security and a brighter future.”
Share your views on the apprenticeship levy here.