Apprenticeships For Recovery And Growth
Training and skills will play a huge role in the UK’s ability to rebuild and prosper in the wake of Covid-19.
Apprenticeships provide a unique opportunity for businesses and individuals to unlock their potential in a post-Covid world. Hiring apprentices is an effective way for businesses to develop a skilled and productive workforce, who can support organisational recovery and growth. The government’s plan for jobs includes updates to the apprenticeship funding policy and is offering incentive payments for employers who hire new apprentices before the end of January 2021. The purpose of these incentives is to help employers to build capacity and capability during the recovery. They also create opportunity for individuals to acquire skills that are high in demand.
In this guide we explain how the new incentive payments will work, and how changes to the apprenticeship funding policy will impact SMEs as well as larger employers who pay the apprenticeship levy.