April 2024 apprenticeship news

Apprenticeship Update

I wanted to share some interesting news regarding apprenticeships.  ​

​As from 1st April, the Government will fully fund apprenticeships in small businesses (companies with up to 250 employees) by paying the full cost of training for anyone up to the age of 21.​

If you have an employee who is over the age of 21, apprenticeships are still 95% covered by the government. This makes them an exceptionally cost-effective method to train your workforce.

Education secretary Gillian Keegan said: “Apprenticeships are a fantastic way for businesses to develop the skills they need, and these new measures will help more businesses and young people benefit from them.  Our plan to deliver a high-growth, high-skilled economy is working, with more opportunities available to young people than ever before.”

This is great news for growing businesses who are looking to develop and nurture their talent pipeline, as it reduces costs and burdens for businesses.  From saving on recruitment costs, diversification and inclusion across teams, increased retention rates, building a culture of learning and development, to fixing skills shortages there are numerous advantages to investing in apprenticeships.

By offering an apprenticeship you can ensure that you are investing in the right skills for your business, that are aligned to your current and future needs.

Please don’t hesitate to get in touch, if you wish to discuss if an apprenticeship is right for you and how we can help.