Apprenticeship Levy

In recruiter context

Introduced in 2017. UK employers with annual pay bills over £3 million pay 0.5% as the levy; the funds are held in a digital account and can only be used on approved apprenticeship training. Employers can use levy funds for both new apprentices and existing-employee development (e.g., putting senior staff through MBA-equivalent apprenticeships). Most levy funds expire if unused after 24 months. For job-seekers: levy-funded apprenticeships are paid roles with structured training, increasingly used at senior level (Level 6/7 apprenticeships are degree-equivalent or master's-equivalent).