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.
- 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.