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Fully funded apprenticeships for small business launched The government will fully fund apprenticeships for small and medium sized enterprises (SMEs) with a £60m investment in up to 20,000 training places From April 1, small businesses can get their apprenticeships fully funded by the government for trainees aged up to 21, cutting costs for firms and supporting higher education providers. The government will also increase the amount of funding firms paying the apprenticeship levy can pass onto other businesses from 25 per cent to 50 per cent, in a boost for SMEs. The small business move is backed by an additional £60m of new government funding for next year. Since 2010, 5.7 million people have started an apprenticeship.

Fully funded apprenticeships for small business launched The government will fully fund apprenticeships for small and medium sized enterprises (SMEs) with a £60m investment in up to 20,000 training places From April 1, small businesses can get their apprenticeships fully funded by the government for trainees aged up to 21, cutting costs for firms and supporting higher education providers. The government will also increase the amount of funding firms paying the apprenticeship levy can pass onto other businesses from 25 per cent to 50 per cent, in a boost for SMEs. The small business move is backed by an additional £60m of new government funding for next year. Since 2010, 5.7 million people have started an apprenticeship.

💰 Spending less than £3 million a year on your pay bill? ✅ You can still benefit from the Apprenticeship Levy. Here’s how: Pay only 5% towards the cost of training and development per person… The Apprenticeship Levy scheme will cover the other 95%! 🎓 As well as this, businesses with less than 50 employees will be 100% funded the training costs for apprentices under the age of 19. 🚀 Upskill your workforce at a low cost - it’s a no brainer. Watch as Paul Nolan explains how you can make the most of your levy funds: #ApprenticeshipLevy #GovernmentFunding #Learning #TeamDevelopment #TeamBuilding #Apprenticeship

Tees Valley businesses are to benefit from the launch of a new programme set to super-charge apprenticeships across the region 🙌📈 https://lnkd.in/eXGwc3Cz

Fantastic news for the future of Apprenticeships. Key Reforms to Boost Small Businesses: £60 million of new government funding for apprenticeships. From the start of April, levy paying employers will be able to transfer up to 50% of their funds to support other businesses to enable 20,000 more apprenticeships for young people and SMEs. The Government will fully fund apprenticeships in small businesses from 1st April by paying the full cost of training for anyone up to the age of 21. The reform will see the removal of co-investment costs from non-levy paying employers for apprentices under the age of 22. If you have been thinking of taking on an apprentice, there is no better time. Contact us today to see how we can support your business growth. Businessenquiries@derby-college.ac.uk 01332 387 421

Exciting news for SMEs & young apprentices in the UK! The government announced today that it will "fully fund apprenticeships in small businesses from April 1 by paying the full cost of training for anyone up to the age of 21 – reducing costs and burdens for businesses and delivering more opportunities for young people to kick start their careers". Prime Minister Rishi Sunak announced these reforms, estimating an additional £60 million of government funding for apprenticeships, aiming to create 20,000 more apprenticeships. For more info about taking on apprentices contact our team on 0330 123 4785 or email apprenticeships@cornwall.ac.uk #Apprenticeships #SMEs #GreatNews

So far, over 4000 apprentices have been supported by #LAIN members - a testament to what can be achieved when the collective focus is on increasing ‘earn-as-you-learn’ opportunities. In this short video, @University of London explains the benefits of creating apprenticeship opportunities and transferring the apprenticeship levy to small businesses to create more apprenticeships in London. Watch here: https://lnkd.in/eug_ZfP7 #LondonAnchors #apprentices 

Did you miss the government update on apprenticeships?📈 If so, we have some of the key points covered; From the 1st April - The Government has announced it will be increasing investment into apprenticeships in England to £2.7 billion for 2024/25. - The Government will fully fund apprenticeships in small businesses by paying the full cost of training for anyone up to the age of 21 - reducing costs and burdens for businesses and delivering more opportunities for young people to kick start their careers. - The use of Co-investment will no longer be required, Apprenticeships will be fully funded for all apprentices up to and including the age of 21. - 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. 👨💻👩💻 https://lnkd.in/eaknHzeb. #apprenticeships #apprenticeshipfunding

A significant support mechanism for businesses engaging in apprenticeships is the Apprenticeship Levy, introduced by the government in April 2017. 💹 Levy-paying employers contribute 0.5% of their payroll to the levy, with a 10% top-up provided by the government. These funds can be utilised for apprenticeship training and assessment, offering financial incentives for businesses to invest in workforce development. Unused funds expire after 24 months. So contact us now to understand how you can leverage the Apprenticeship Levy to enhance your talent development strategies while maximising returns on investment in workforce development. #apprenticeships #apprentice #london #levy #levytransfer

🚀New Changes to Apprenticeship Funding for Learners Aged 21 and Under ⭐ As of 1st April 2024, apprentices aged 21 and under will be fully funded for SMEs! 💡 Here's why these changes are a game-changer: 1️⃣ Increased Accessibility: These adjustments open doors wider for young talents, eliminating financial barriers that may have hindered their aspirations in the past. 2️⃣ Empowerment Through Education: By investing in apprenticeships for our youth, we're empowering them with invaluable skills, knowledge, and hands-on experience that will contribute to the growth of our industries. 3️⃣ Building a Brighter Future: With these changes, we're laying down the groundwork for a brighter, more inclusive future. 📨 Please feel free to DM me for more information surrounding apprenticeships in Staffordshire, Shropshire & the West Midlands. #apprenticeships #skillsdevelopment #staffordshire #shropshire #westmidlands #hospitality #earlyyears #adultcare #adulteducation