Funding Apprenticeships “ changes will benefit the industry
August 22, 2016
In spring 2017 the way the government funds apprenticeships in England is changing. Some employers will be required to contribute to a new apprenticeship levy, and there will be changes to the funding for apprenticeship training for all employers.
There are important key changes that will benefit the industry and increase apprenticeship take up by SME’s, including:
¢ Government will pay 100% apprenticeship training costs for some 16-18yr olds
¢ £1000 grant for employers taking on 16-18yr olds on Apprenticeship Standard
¢ Opportunity for some employers to ‘co-invest’ 10% of apprenticeship training costs
¢ Government will co-investment in training apprenticeships at a higher level
¢ Available funding for Apprenticeship Standard, where employers pay the levy
For the details of key points from proposals released by the DoE, see here>:
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