Funding for apprenticeships is changing. An apprenticeship levy of 0.5% is being applied on wage bills, but is offset by a government allowance of £15,000. This means that only companies with a wage bill larger than £3 million pounds will actually pay. The levy must be spent on apprenticeship training on an approved apprenticeship framework or standard. It can’t be used for things such as internal training or apprentice salaries.
New model of apprenticeships emerging
Alongside the levy, the structure of apprenticeships is changing. Until now apprenticeship frameworks have developed…
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