The Department of Education today launched a service where apprenticeship tax payers can advertise when they have funds to be earned from other businesses.
Help page for the Pledge and Transfer Learning Fund Program was created on the gov.uk website and direct debit payers can advertise transfers, which can be up to 25% of the direct debit payer’s allowance, as of today using their service accounts digital learning.
Taxpayers will be able to specify the type of learning they wish to finance, for example by location or by sector. Employers can apply for funding starting September 27.
Skills Minister Gillian Keegan said she was “happy” to make it easier for “small and medium-sized enterprises to offer apprenticeships”, ensuring that “every business can benefit from the productivity and skills of apprentices”.
A pilot project to test the new system took place last month, with construction company Mace Group pledging £ 100,000, with pledges of £ 350,000 to £ 500,000 each year for other companies to take part in. to access. Their funds will be announced later this month.
Other companies participating in the pilot included Amazon pledging £ 50,000, Thurrock Council pledging £ 100,000 and property maintenance firm HomeServe pledging £ 40,000.
Mace Group CEO Mark Reynolds said the pilot has shown “enormous potential to support the recruitment of more apprentices to address our skill shortages; and I encourage all companies that meet the criteria to take the option ”.
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