Chancellor brings forward £700 million apprenticeship reform package

Chancellor brings forward £700 million apprenticeship reform package

On the 14th March 2019 People Management reported that Chancellor of the exchequer Philip Hammond has brought forward changes to apprenticeship funding designed to help small and medium-sized enterprises (SMEs) invest in apprenticeships.

These include;

  • The amount SME’s will pay towards apprenticeship training is dropping from 10% to 5% an estimated £695 million saving for businesses
  • An increase in the amount of levy funding that organisations will be allowed to share with their supply chain, which is set to increase from 10% to 25%

These changes will now take place from April 2019, less than a month away.

To read the full article and comments from the Chancellor and head of skills at the Chambers of Commerce visit People Management website. 

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2019-03-14T14:41:18+01:0018th March, 2019|Categories: All News|0 Comments

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