Seetec Training is delighted with the recent announcement from the government, for additional funding for young apprentices.
It opens up more opportunities for small and medium-sized enterprises (SMEs) to welcome apprentices into their business.
In the government’s latest apprenticeship reform, the Prime Minister, Rishi Sunak, announced plans to open up fully-funded training opportunities for apprentices under the age of 21.
We also welcome the news that larger employers, who are apprenticeship levy payers, will be able to transfer 50% of their funds to support other smaller businesses to take on apprentices.
This represents an increase of 25%.
In a speech to a conference for small businesses, Mr Sunak explained this new reform will equate to an additional £60 million of new government funding for apprenticeships.
If you’re an SME, what does this mean for you?
This announcement opens up fantastic opportunities for smaller businesses to reap the benefits young apprentices bring to an organisation.
Additional funding for young apprentices will encourage and enable SMEs to hire more, thus bringing skilled and ambitious workers into your team and unlocking more opportunities for young people to progress in their career.
Sharon Allen, Seetec’s Head of Apprenticeships, says: “We welcome the opportunity to talk to employers that were previously unable to consider taking on an apprentice, and help them understand the positive difference they can make to your business.”
Want to know more?
Get in touch with us at Seetec Training, we’d love to talk more about how we can support you to recruit apprentices and shape the future of your organisation: 📧 employers@seetec.co.uk
To read more about the government’s apprenticeship reform announcement, click here Sunak to scrap SME co-investment for young apprentices (feweek.co.uk)
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