The government has this week has confirmed details of the funding rates and rules that will apply from April next year when the apprenticeship levy comes into force.
Key details in the announcements include:
· Firms will now have 24 months, rather than 18, to spend levy funds in their digital accounts,
· A clear commitment to work closely with business to design a system to enable firms to transfer funds to other companies “ and pay for training in their supply chains,
· Confirmation of the ability to use funds to retrain staff with existing qualifications, and to provide additional funding for 16-18 year old apprentices,
· Further information on a new register for training providers, and new transitional measures to ensure they can adapt to the changes.
Members are invited to register for a webinar hosted by the CBI next Wednesday 2nd November at 2pm to update on these latest details, and to discuss next steps. Please click here to register for the session. If you are unable to attend, a recording of the webinar will be available.
You can also register for CBI’s apprenticeship levy training workshops, being held in London (16th) and Leeds(18th) this November. These workshops will give you a detailed insight into the latest stage of policy development, and help you to understand the impact for your business and how best to prepare for implementation.
More information from SVakil@ukwa.org.uk