The Department for Education has published draft Apprenticeship funding rules for 2024-25 and a summary of changes. There is an article in FE Week about the proposed changes.
There is also a policy paper on Apprenticeship funding which sets out the policy for apprenticeship funding reforms in England, for new apprentices starting from 1 April 2024.
For new starts from 1 April 2024, where the employer does not pay the apprenticeship levy, the government will fund all of the apprenticeship training costs, up to the funding band maximum, for apprentices who are aged between 16 and 21 years old when they start their apprenticeship training. This removes the need for non-levy paying employers to pay the 5% co-investment cost of training.
From April 2024, the proportion of funds that levy-paying employers can transfer to other businesses, including smaller firms, will increase to 50%. More about this reform.
