Association of the British Pharmaceutical Industry says sector only spent 24% of its 2020 contributions
Pharmaceutical industry leaders have called for an overhaul of the “underused” apprenticeship levy to keep up with the evolving life sciences sector.
Under the scheme launched in 2017, employers with salary bills over £3 million must pay the equivalent of 0.5 per cent of their pay bill to HMRC every year, with the money offered back to them to fund apprenticeship provision. Anything not spent within two years is kept by the Treasury.
This article is only available to *Research Professional subscribers. If you are a subscriber you can read the article in full on researchprofessional.com
Alternatively, Pivot-RP users can log in and view the article via this link.