The Chancellor of the Exchequer has announced a change to apprenticeship funding, aiming to encourage small and medium sized businesses to invest in apprenticeships by reducing employer contribution to 5%. The reforms were confirmed by Philip Hammond in the Spring Statement, after they were initially unveiled last October.
Non-levy paying companies currently have to contribute 10% towards apprenticeship training, however from 1st April 2019 this figure will be halved to 5% as part of a £700 million package of reforms. The 5% contribution will apply to all new apprenticeship starts after this date, with government funding of 95% available to cover the remaining costs.
An assessment of individual sector values will take place separately.
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I always struggled in school as I wasn’t very academic, so knew learning on the job would be a better option for me. I would find it difficult to get up for 9am but now I wake up and look forward to my day. I wanted to try a hair apprenticeship as I’ve always been interested in hairdressing, and by the end of the first week, I already loved it!
I have developed a range of new skills through work including the technical, industry skills required for the job, to personal development such as ensuring I am always on time. The biggest change since leaving school is adjusting to the independence you gain from earning a salary. My advice to anyone thinking of doing an apprenticeship would be find what you like doing, and go for it!
Since starting the apprenticeship, I’ve become far more confident. In a classroom, you only interact with your classmates, but through working you develop your people skills as you interact with customers on a daily basis. At school, you are closely monitored and parented, however I am now more independent and feel grown up
The most important thing I’ve learnt since leaving school is that there are other routes to success than just academia. I failed my GCSEs, as I never suited the school environment. Now though, I’m really enjoying my apprenticeship as I’ve discovered I learn more through hands-on practice.
I would just like to thank you and your team for all the amazing work they do, you have provided me with the most invaluable experience which has helped to pave the way of my future. The work you do for young people is incredible!