If you as an employer have a pay bill of £3 million each year, you are subject to an apprenticeship levy. This means you have to invest in apprenticeships.
This levy is introduced on 6th April 2017.
As of 1st May 2017, if you want the full guidance of how the apprenticeship levy will work, and an explanation of the principles then visit www.gov.uk/government/publications/apprenticeship-levy/apprenticeship-levy
Employers will need to continue to carry on funding training under the terms and conditions that are in place of apprenticeships that started pre 1st May 2017. The levy will not affect those apprenticeships.