Freelancer & Contractor Services Association (FCSA)’s Post

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.

Did you know your Apprenticeship Levy pot can be used to develop your existing staff?!? 😲 In the UK, employers invested around £42.0bn in training each year, with an average spend of £1,530 per employee, according to 2020 government figures. Upskilling through an apprenticeship, means these training fees are either entirely pre-paid through your Apprenticeship Levy contributions or 95% funded by the government! Head over to this blog post to read all about the benefits of training existing staff 👉 https://lnkd.in/eetGiter #staffdevelopment #cpd #training

Did you know your Apprenticeship Levy pot can be used to develop your existing staff?!? 😲 In the UK, employers invested around £42.0bn in training each year, with an average spend of £1,530 per employee, according to 2020 government figures. Upskilling through an apprenticeship, means these training fees are either entirely paid through your Apprenticeship Levy contributions or 95% funded by the government! Head over to this blog post to read all about the benefits of training existing staff 👉 https://lnkd.in/eetGiter #staffdevelopment #cpd #training

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.

🌟 Unlock New Opportunities with the 2024 Apprenticeship Levy! 🌟 Exciting news for SMEs! The government has announced transformative changes to the Apprenticeship Levy, making it easier than ever to invest in talent. Here's what you need to know: 🔹 £60 Million Towards Reforming the Apprenticeship Levy Significant funding is being directed to enhance the scheme, ensuring it meets the needs of businesses and apprentices alike. 🔹 20,000 More Apprentices An additional 20,000 apprenticeship opportunities are being created, giving SMEs access to a broader pool of emerging talent. 🔹 Redistribution of Unspent Funds 50% of unspent levy funds can now be redirected to other businesses. This is a golden opportunity for SMEs to build their teams, enhance skills, and drive innovation. To seize the moment and grow your business, make sure to drop us a message 👇 ✉ adam.brown@end2endtalentsolution.com

Are You Maximising Your Apprenticeship Levy? In 2022/23 96% of the apprenticeship levy in England was utilised - sounds good right? Until you know that 4% equates to £96 MILLION - unspent and returned to government. Funds that could have been used to enhance employee’s skills, boost productivity and drive business growth. Since its introduction in 2017, the Apprenticeship Levy in England has provided a significant opportunity for businesses to invest in their workforce development. However, 15% of the levy — amounting to an eye-watering £2.178 billion — has gone unspent and returned to the treasury. This figure underscores a missed opportunity to upskill existing staff and new hires. By taking full advantage of the Apprenticeship Levy, businesses can not only prevent the waste of significant funds but also foster a more skilled and resilient workforce, ultimately driving both individual business success and broader economic growth. Are you maximising your Apprenticeship Levy? If not, why not? Contact www.seatshub.org today #ApprenticeshipLevy #Apprenticeship #UseItOrLoseIt #Essex #Upskill #ProfessionalDevelopment Figures from https://lnkd.in/gdAdrEsi

“Time and resources are in short supply for small businesses and so protecting levels of funding for training costs and providing financial incentives would help to improve the number of small firms entering the apprenticeship system". https://lnkd.in/dQjm_Sm5

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

Are you ready to transform your workforce in 2025 The Apprenticeship Levy is a government initiative that your business can use to fund apprenticeship training at no extra commercial cost. By ringfencing money especially for apprenticeship training, the Levy is designed to boost skills and training provision. How to use your Apprenticeship Levy You can use your Apprenticeship Levy to fund upskilling and reskilling apprenticeship training for your employees. Understand your Levy spend If your annual pay bill is more than £3 million, work out your monthly levy contributions by calculating 0.5% of your gross annual payroll and divide by 12. If Levy payments apply to you, the funding to spend will be in your apprenticeships service account. If you are a non Levy paying business, you will receive 95% Government funding per learner on program. Identify your skills gaps Identify across your business where there’s a need for upskilling, and consider how apprenticeship programmes could help to develop employee tech, data, Digital, AI skills and more Book a meeting with with me to start the Development Journey. Rebecca.Cordon@QA.com

🔍 Understanding the Apprenticeship Levy: Key Facts 🔍 Are you fully leveraging the Apprenticeship Levy to drive growth and innovation in your business? Here’s a quick guide: 1️⃣ Who Pays? Employers with a pay bill over £3 million contribute 0.5% to the levy. 2️⃣ Levy Funds Use these funds for apprenticeship training and assessment—just remember, they expire after 24 months! 3️⃣ Non-Levy Employers If your pay bill is under £3 million, you can access up to 95% government funding for apprenticeships. 4️⃣ Transfer Allowance Levy-paying employers can transfer up to 25% of their funds to other businesses, enhancing apprenticeship opportunities across your network. By understanding and strategically managing your levy funds, you can not only enhance your own workforce but also contribute to industry-wide skill development. Feel free to reach out or comment below for more insights or to share your experiences with apprenticeships. 🌟 #ApprenticeshipLevy #SkillsDevelopment #WorkforceTraining #UKBusiness #Training #LeadershipandManagement #BusinessServices #HealthandSocialCare #Childcare