FE News’ Post

How will these reforms benefit your business? Let us know in the comments below 💬

Powering Progress: Apprenticeship Levy reform is here🎉 We’ve been campaigning hard on behalf of our members, and the government has now announced crucial reforms to the Apprenticeship Levy - directly aligning with our asks for greater flexibility. These changes mean levy funds will support a wider range of training options, including shorter apprenticeships, making it easier to upskill your workforce and drive growth. This is a huge win for business, and we’re calling for swift implementation to ensure firms can make the most of these changes. 💼Want to know more about the changes we’re pushing for in the upcoming Budget? Read our Budget Submission👇 https://lnkd.in/eazJjcs7 💬How will these reforms benefit your business? Let us know in the comments below. #PoweringProgress #SkillsForGrowth #CBIImpact #ApprenticeshipLevy #BusinessWins

Exciting news for Apprenticeships! The government is set to create up to 20,000 new apprenticeships through a series of reforms, including fully funding training for young people and reducing red tape for small businesses. Starting from April 1st, apprenticeships for individuals aged 21 or under at small firms will be fully funded by the government. This initiative, backed by £60m of new investment for next year, aims to support both businesses and young talent alike. At Intake Talent, we're committed to connecting businesses with top talent and facilitating successful apprenticeship programs. With these new reforms, we're excited to continue our mission of empowering the next generation of skilled workers. #Apprenticeships #GovernmentReforms #InvestingInYouth #IntakeTalent Intake Talent Helen Cannon née Johnson https://lnkd.in/empU8Umg

The new Government has committed to reform the Apprenticeship Levy (introduced under the Conservatives in 2017) to allow businesses to use a to-be-determined portion of the levy pot on other skills training, through a new ‘Growth and Skills Levy’. This is a central part of the Government’s cross-departmental skills strategy and its Growth and Opportunity Missions. Designed well, and with the necessary accompanying reforms, the Growth and Skills Levy has the potential to support a wider apprenticeships system that works far better for businesses large and small and their employees, and unlocks opportunities for young people. Read the report here: https://lnkd.in/ejrjzaFZ

Nearly missed this one today, but welcome news that the Government will increase the amount of funding that employers who are paying the apprenticeship levy can transfer to other businesses from 25% to 50%. Last year, Amey transferred £390,000 to support primary school teachers and staff across the Discovery Trust - helping them to deliver on their vision and leadership for digital transformation. This increased flexibility will allow levy-paying organisations like Amey to do more to support SMEs and communities, while unlocking more apprenticeships and opportunities for young people in a huge range of sectors, industries and professions.

Good news for Apprenticeships, small businesses, and our region today. Scrapping the co-investment for SME’s wanting to create an apprenticeship opportunity for an under 21yr old is great news! Going forwards there will be no training element contribution, its fully funded, this should encourage more apprenticeships for our young people with our local employer base (95% are SME’s)! Also, Levy paying businesses are now allowed to share 50% of their unspent levy to fund apprenticeships in smaller businesses which could give us more opportunity to spend levy regionally. At the Western Training Provider Network (WTPN) we run the West of England Apprenticeship Service, funded by the West of England Combined Authority to act as an impartial apprenticeship service for SME’s, we also run the regions  ‘Share to Support’ , apprenticeship levy share scheme. To date we have enabled: Levy funds pledged: £4m Levy funds spent: £3m 360 New Apprenticeships funded and started in the West of England: Businesses want skills, this was clear from the #lsip feedback in our Western Training Provider Network (WTPN) network meeting on Thursday, apprenticeships offer this in spades… Learning in work, putting new learning into practice, developing new knowledge, new skills and new behaviours. Opportunities for new #jobs, #upskilling, re-skilling and #progression, #apprenticeships Donna Kenny Katie Green Jane Deane Vanessa Boyce Rio Perry West of England Combined Authority Richard Ennis Matt Tudge Jane Vivian Business West Lizzie Lyons Clare Vertigen Simon Flenley-Pond Philip Marsh FIMI Claire Arbery Gavin Deane Alex Richards https://lnkd.in/ev-zeQtX

The Prime Minister has revealed a set of major reforms at the Business Connect conference in Warwickshire to help businesses, particularly small ones, by offering more apprenticeship opportunities and cutting unnecessary bureaucracy. From 1 April, the Government will cover the full training costs of apprenticeships for individuals up to 21-years-old in small businesses, making it easier and cheaper for these businesses to offer more apprenticeships. This initiative is supported by £60 million of new funding for the next year to ensure sufficient apprenticeship funding is available. #apprenticeships #governmentsupport #sme

🌟 Exciting News for Small Businesses and Apprenticeships! 🌟 The latest announcement from the Prime Minister, which promises major reforms in apprenticeships, aimed at bolstering support for small businesses across the UK. As per the recent article in Pro Landscaper Magazine, the reforms signify a significant step towards creating more opportunities for apprentices and easing the burden on small businesses willing to invest in talent development. Key highlights of the reforms include: ✅ Increased financial incentives for hiring apprentices ✅ Streamlined funding process ✅ Enhanced flexibility in training delivery These changes not only benefit aspiring apprentices seeking hands-on experience but also provide small businesses with the necessary resources and support to nurture talent within their organizations.💼🌱 https://lnkd.in/eAeWFtnX #landscaping #apprenticeships #smallbusinesses #prolandscaper #development #talent

Great article about the benefits of sharing unspent apprenticeship levy.

Exciting news for businesses relying on apprenticeships! 🎉 Our LSIP team welcomed the Prime Minister's announcement this week of major apprenticeships reforms to support SMEs. Rishi Sunak unveiled plans for a £60m investment which aims to create up to 20,000 additional apprenticeships, providing a vital boost to the workforce. Starting April 1st, the government will fully fund apprenticeships for small businesses, covering training costs for individuals up to age 21. This removes financial burdens and streamlines the process for both employers and education providers. Also, large employers subject to the apprenticeship levy can now transfer up to 50% of their funds to support other businesses. This means more opportunities for smaller firms to take on apprenticeships and invest in their future. Click below to find out more about the outcome from this week's Business Connect conference in Warwickshire and what it means for your business: https://bit.ly/3vccPA1