In this autumn's budget statement chancellor Philip Hammond announced a package of reforms to ensure the Apprenticeship Levy provides people with the skills they need to succeed.
From April, large businesses will be able to invest up to 25% of their apprenticeship levy to support apprentices in their supply chain.
Small and medium employers will pay half of what they currently pay for apprenticeship training – from 10% to 5%. The government will pay the remaining 95%. Although at first it was announced that this will be in effect from April 2019, the Treasury has since backtracked and said that further details on when this will be available will be announced in early 2019.
The changes are aimed at providing flexibility for businesses so they can take full advantage of the benefits of employing apprentices, and to help as many people as possible find the right training to equip them for the new economy.A further £5 million was announced for the Institute for Apprenticeships to introduce new standards and updating existing ones so that more courses can be offered – meaning more choice for those considering their training options. The government will discontinue the old frameworks so that all new apprenticeships will be on the same higher-quality standards by the start of the 2020/21 academic year.