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IMI reveals 15% drop in apprenticeships since Levy introduced

IMI reveals 15% drop in apprenticeships since Levy introduced

IMI, News, Training
New research has shown that since the Apprenticeship Levy was launched in April 2017, the total number of starts across all industry sectors has dropped by 61%. This figure also includes a fall of 15% in the automotive industry alone. Such a drop has, according to the Institute of the Motor Industry (IMI), caused confusion amongst employers about the new processes, along with reluctance by smaller businesses to take on what they see as an increased administrative burden in the move from older apprenticeship frameworks to the newer models that the levy introduces. When introduced, the Apprenticeship Levy was set at a rate of 0.5% of an employer’s annual payroll. However, only those with a payroll over £3 million would have to make the contribution. Those who do not pay will instea