On the 1st April the government unveiled ground-breaking changes to reshape the Apprenticeship landscape in the UK.
From 1st April small and medium-sized (SME) employers who aren’t levy payers are relieved of Apprenticeship training costs for 16-21 year olds, with the government now funding 100% of their training! From 6th April levy-paying employers, now benefit from increased flexibility, able to transfer up to 50% of their funds to support Apprenticeships in other businesses, doubling the previous limit of 25%.
Sunak stated that these changes will be supported with an additional £60 million new investment to enable up to 20,000 more Apprenticeships for young people and small businesses. At Poultec Training we fully embrace this initiative as it will facilitate SMEs in recruiting additional Apprentices by lowering expenses, allowing more employers to access the skilled workforce they require. It also opens up opportunities for young individuals across various sectors, industries, and professions.
Whether you’re looking to upskill existing employees, exploring the idea of hiring a new apprentice or navigating these recent developments, we’re here to help. Contact us today at 01362 850983. If you’re not using your levy funds, email us at enquiries@poultec.co.uk to discuss how you can maximize this funding for your business or support other smaller employers.
