06th June 2019
Overcoming the challenges: how to make the most of your Levy funds
When it comes to spending your Levy funds, there are two options depending on your school’s training and development needs: you could either recruit new talent into your school, or upskill an existing member of staff.
Your decision should be based on your short, medium and long-term goals, so think about where skillsets are currently strong in your school, and where there may be some gaps that need filling.
However, we understand that schools often have heavily restricted budget that prevent them from engaging with the Apprenticeship Levy. In fact, in our recent survey, we asked schools what would increase the likelihood of them utilising their Levy funds – and the most common response was more funding to employ new apprentices.
Whilst obtaining additional funding can be a challenge, schools don’t need to miss out on the opportunity to use some of the Levy pot. For example, our level 2 and 3 early years and teaching assistant qualifications are ideal if you want to train existing staff and improve the performance of your school.
We’d also like to remind you that since the Apprenticeship Levy was introduced, you aren’t required to pay National Insurance Contributions for any apprentice under the age of 25. So, if you have any young members of staff who would benefit from training, you could save money. It’s a win-win situation.
Over to you
Hopefully we’ve highlighted just some of the ways in which you can make the most of your Levy funds and overcome some of the difficulties that schools often face.
If you’ve got any questions or would like more information on how the Levy can work for your school, please call our expert team on 0161 233 2656 or email firstname.lastname@example.org.