The Executive Development Network’s Post

🚀New Changes to Apprenticeship Funding for Learners Aged 21 and Under ⭐ As of 1st April 2024, apprentices aged 21 and under will be fully funded for SMEs! 💡 Here's why these changes are a game-changer: 1️⃣ Increased Accessibility: These adjustments open doors wider for young talents, eliminating financial barriers that may have hindered their aspirations in the past. 2️⃣ Empowerment Through Education: By investing in apprenticeships for our youth, we're empowering them with invaluable skills, knowledge, and hands-on experience that will contribute to the growth of our industries. 3️⃣ Building a Brighter Future: With these changes, we're laying down the groundwork for a brighter, more inclusive future. 📨 Please feel free to DM me for more information surrounding apprenticeships in Staffordshire, Shropshire & the West Midlands. #apprenticeships #skillsdevelopment #staffordshire #shropshire #westmidlands #hospitality #earlyyears #adultcare #adulteducation

🤔 Assumption: Degree Apprenticeships are too expensive for businesses! 🙂 Fact: Businesses who pay the apprenticeship levy (wage bill over £3 million) are able to use their levy funds to cover the tuition costs of their degree apprentices. 🤔 Assumption: I’m a small business with a smaller wage bill, which means apprenticeships are not an option for me. 🙂 Fact: Employers who don’t pay the apprenticeship levy can still access funding support (up to 95%) to enable them to upskill an existing staff member or take on a new learner as a degree apprentice. 😀 Bonus fact: Levy paying employers can transfer some of their unspent levy funds to other businesses to help with the cost. 🌟 Sheffield Hallam’s National Centre of Excellence for Degree Apprenticeships supports close to 3,000 degree apprentices studying across 40 disciplines and subjects - more than any other provider in the UK! 🌟 We have just been nominated for the Educate North 2024 Apprenticeship Award, reflecting the work which has been done by NCEDA to promote the value of HDAs for learners of all ages and from different backgrounds. 💡 Want to find out more? Get in touch. Start the conversation today. https://lnkd.in/eZuykJ96

Fully funded apprenticeships for small business launched The government will fully fund apprenticeships for small and medium sized enterprises (SMEs) with a £60m investment in up to 20,000 training places From April 1, small businesses can get their apprenticeships fully funded by the government for trainees aged up to 21, cutting costs for firms and supporting higher education providers. The government will also increase the amount of funding firms paying the apprenticeship levy can pass onto other businesses from 25 per cent to 50 per cent, in a boost for SMEs. The small business move is backed by an additional £60m of new government funding for next year. Since 2010, 5.7 million people have started an apprenticeship.

Fully funded apprenticeships for small business launched The government will fully fund apprenticeships for small and medium sized enterprises (SMEs) with a £60m investment in up to 20,000 training places From April 1, small businesses can get their apprenticeships fully funded by the government for trainees aged up to 21, cutting costs for firms and supporting higher education providers. The government will also increase the amount of funding firms paying the apprenticeship levy can pass onto other businesses from 25 per cent to 50 per cent, in a boost for SMEs. The small business move is backed by an additional £60m of new government funding for next year. Since 2010, 5.7 million people have started an apprenticeship.

Key Messages from Plenary 1 at the AAC…. Graham Hasting-Evans NOCN told us that the Construction Apprenticeship Taskforce wants to see more Level 2 apprenticeship provision and opportunities to meet their reall skills needs and gaps, with adequate funding in place. Joseph Lennox CHA and Clara O’Donnell joined us representing apprentices, they told us they want to see a bigger focus on enrichment and pastoral support by providers, whilst encouraging employers to support providers in improving CIAG in schools specifically in relation to apprenticeships. Kate Ridley-Moy told us funding rules updates for 24/25 will see a reduction in the required regulatory of progress reviews. Work continues to improve the bureaucracy attached to on boarding employers and apprentices. However there was no commitment to timescales in improving the existing system. What are your thoughts??

🌟 Celebrating Cross-Sector Apprenticeship Success!🌟   We're thrilled to see that a number of our Purpose Coalition members have been recognised for their outstanding commitment to promoting and developing apprenticeships across various sectors.   In a time when Sir Keir Starmer’s new government is dedicated to breaking down barriers to opportunity through education, with a special focus on high-quality apprenticeships and specialist training colleges, our celebrated members are leading the way.   Key highlights: 👩🔧 Top 100 Apprenticeship Employers: Recognising excellence in providing diverse and successful apprenticeship opportunities. 👨🔧 Apprentice Ratings: Greene King, E.ON, British Gas (Centrica), Tarmac, and bp rated highly by apprentices for their exceptional programs. 🏥 Public Sector Recognition: South Warwickshire NHS Foundation Trust and Kent and Medway NHS & Social Care Partnership Trust commended for their impactful schemes. 🎓 University Contributions: University of the West of England acknowledged in the top 50 training providers for their industry-aligned courses and support programs.   Congratulations to Greene King, the BBC, Southeastern Railway, and Pennon Group Plc for featuring in the Top 100 Apprenticeship Employers list! 🎉   Purpose Coalition Chair and former Education Secretary, Rt Hon. Justine Greening said: "It’s great to see these Purpose Coalition members celebrated for the success of their apprenticeship schemes. High-quality apprenticeships can have a hugely positive impact on individuals, businesses and the wider economy as an alternative to traditional academic pathways."   And Nick Forbes CBE, Chair of the Breaking Down Barriers Commission, said: "Labour’s programme for government is one that is geared to economic growth, but that can’t be achieved without the right skills base. Apprenticeships are integral to attracting and developing the talent that exists in every part of the country and transforming it into a skilled workforce." Read more 👇 https://lnkd.in/e4YSVKGU   #LeadingWithPurpose #Apprenticeships #SkillsForSuccess #PurposeCoalition #BreakingBarriers #Education #EconomicGrowth #TalentDevelopment

OVER £7M in APPRENTICESHIP FUNDS UP FOR GRABS! If you're an employer of any size (whether you are paying into the Apprenticeship Levy or not) keep reading! There's a massive pot of funds waiting to cover the cost of training for your team. The government's Levy Transfer Site has over 200 employers with transfers pledged of more than £7 million in unspent levy funds. That's a £7M+ opportunity to access high-quality apprenticeship programs and upskill your existing staff or hire fresh talent - without tapping into your own budget! You can find the Levy Transfer Site here https://bit.ly/3GtjXem I’ve also created this in a spreadsheet so you can access more easily here https://bit.ly/3vOaMlS This free online service allows levy-paying organisations like yours to: ·   Easily browse and apply to receive levy transfers to fund apprenticeships in your organisation ·   Find employers offering funds for the specific apprenticeship areas you need ·   Post any of your own unspent levy funds available for transfer Over 200 employers have already jumped on the chance to put £7M+ in funds to good use. Why not join them? Take advantage of this great chance to upskill your team through fully funded training programs.

Fantastic news for the future of Apprenticeships. Key Reforms to Boost Small Businesses: £60 million of new government funding for apprenticeships. From the start of April, levy paying employers will be able to transfer up to 50% of their funds to support other businesses to enable 20,000 more apprenticeships for young people and SMEs. The Government will fully fund apprenticeships in small businesses from 1st April by paying the full cost of training for anyone up to the age of 21. The reform will see the removal of co-investment costs from non-levy paying employers for apprentices under the age of 22. If you have been thinking of taking on an apprentice, there is no better time. Contact us today to see how we can support your business growth. Businessenquiries@derby-college.ac.uk 01332 387 421

The state's fiscal year 2025 budget invests $3.3 million in Massachusetts Registered Apprenticeship—a key tool in the Healey-Driscoll Administration’s toolbox to build a robust talent pipeline for today and develop, attract, and retain a future workforce. Check out our latest blog which highlights our commitment to expanding Massachusetts Registered Apprenticeship.

In the Government's spring budget announcement, SME businesses received a welcome boost: the removal of the co-investment fee that previously obligated employers to contribute toward the cost of apprentices' training. The Government has pledged to fully fund Apprenticeships in small businesses starting April 1st, covering the entire training cost for individuals up to the age of 21. This move aims to alleviate financial burdens on businesses and create more opportunities for young people to initiate their careers. Jamie Rowley, Director of Apprenticeships & Employer Services at City College Plymouth, emphasised the significance of this announcement, stating that it would be well-received by training providers and employers alike. He noted that this initiative would open up more avenues for young individuals seeking career opportunities. For instance, an employer hiring a plumbing apprentice with a training cost of £21,000 would save £1,050 by no longer paying the 5% co-investment fee. City College's Employer Solutions team is ready to assist your business with all its training and development needs. For advice and guidance, please contact us at 01752 305026.