The Tech Partnership

Government publishes final funding policy for Apprenticeship Levy

26.10.2016

Government publishes final funding policy for Apprenticeship Levy

26.10.2016

Education Secretary Justine Greening has issued a written Ministerial Statement on Supporting Apprenticeships. It covers the final funding policy for apprenticeships from May 2017, after the introduction of the apprenticeship levy, and also makes available details of the new register of training providers.

Key features of the final funding policy include more flexibility to train those with prior qualifications, and a longer period of time for employers to spend funds in their digital accounts.

There is also a much-requested commitment to introducing the ability for employers to transfer digital funds to other employers in their supply chains or sector, or to Apprenticeship Training Agencies in 2018.

A new employer group including the Confederation of British Industry, Federation of Small Businesses, British Chambers of Commerce, Charity Finance Group, and EEF will help government develop the system with employers’ needs in mind .

There is also targeted support for would-be apprentices from disadvantaged backgrounds, including financial incentives for employers and training providers when they take care-leavers or people from disadvantaged areas.

Download the Tech Partnership’s updated Levy Information Summary, covering the key points employers need to know on the apprenticeship levy.

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