Changes to apprenticeship funding coming from 1st April 2024
And it’s good news! From 1st April this year, the government will fully fund all apprenticeships for small businesses. This means they’ll pay the full cost for apprenticeship training for anyone up to the age of 21.
Apprenticeship levy paying employers will also benefit from changes come April. The government will increase funding for levy paying employers and can transfer unused levy funds to other employers – meaning more people and more organisations can access the benefits of hiring an apprentice. Under the new measures, large employers who pay the apprenticeship levy will be able to transfer up to 50% of their funds to support other businesses, including smaller firms, to take on apprentices.
What does this mean for employers?
You’ll get more support hiring apprentices.
What does this mean for prospective apprentices?
There will be more apprenticeship opportunities to access.
How can The Learning Foundry help?
For over thirty years, we’ve been supporting employers hire great apprentices, and support their own staff to access apprenticeship training. We know our stuff about what makes a great team, and how to support you and your organisation get there.
What should I do?
Interested in hiring an apprentice in your business? Click here to see what you should do next to find your perfect match.
Want to know more about accessing training for you or your team? Check out our courses, here.
Thinking about starting an apprenticeship? Start your journey, here.