Following a consultation on its apprenticeship funding proposals, the Government has today confirmed its final funding policy. Amongst key measures, it has announced today that it will be providing more support for younger apprentices and disadvantaged people, and more flexibility for employers, particularly around the use of digital vouchers and funding.
Terry Scuoler, CEO of EEF, the manufacturers’ organisation, comments: “Apprenticeships are critical for our industry, but manufacturers have long been wary of the levy and wanted it to be delayed until they could be satisfied it was fit-for-purpose. Today’s announcement clearly reflects our sector’s concerns and is a significant step forward.
“Allowing employers a longer period of time to spend their digital funds and recognising the cost of investing in higher quality STEM apprenticeships are two important features in creating a levy that will reward employers investing in high quality training for the long-term. There are many positives to take away from today’s announcement and the Government has shown its willingness to work closely with industry on some of the remaining outstanding issues.
“Timing is now all important. With a shrinking window of opportunity to prepare for the levy, Government must carefully prepare a final implementation plan while remaining mindful that employers as well as Government need time to prepare for the sea change in apprenticeship funding next year.”