Posted 3/18/2024, 1:43:25 AM
Sunak Announces Apprenticeship Reforms to Boost Training, Especially for Young and Women
- Sunak pledging to create up to 20,000 more apprenticeships through reforms and new funding
- Government to fully fund training costs for apprentices aged 21 or under at small firms from April
- Increasing amount of apprenticeship levy funding large firms can transfer to other businesses to 50%
- Raising thresholds that define company size to classify more firms as SMEs, saving them reporting requirements
- Forming industry-led taskforce to increase private investment in women-led businesses