Mar 19, 2024

Exciting news emerged yesterday as the government unveiled groundbreaking changes set to reshape the apprenticeship landscape in the UK. Effective April 1st, small and medium-sized enterprise (SME) employers who aren't levy payers will no longer shoulder the cost of apprenticeship training for 16-21 year-olds. Instead, the government will fully fund the training costs for these individuals, heralding a new era of support for budding apprentices.

But that's not all – from April 6th, levy-paying employers, including those at Tempdent, gain expanded flexibility as they can now transfer up to 50% of their funds to support apprenticeships in other businesses, doubling the previous limit of 25%. This increased capacity for fund transfer is complemented by a substantial £60 million investment slated for the upcoming year, ensuring sustained momentum in the apprenticeship sector.

These policy changes spell immense opportunity. By alleviating financial barriers for SMEs and enhancing the transferability of levy funds, the government is igniting a wave of potential for apprenticeship growth and innovation. At Tempdent, we wholeheartedly embrace these initiatives, recognising the pivotal role apprenticeships play in nurturing talent, driving economic growth, and shaping the future workforce.

As champions of positive change, we're dedicated to supporting SMEs and empowering them to harness the transformative power of apprenticeships. Whether you're considering hiring an apprentice or seeking guidance on navigating these new developments, we're here to help.

Contact us at info@tempdent.co.uk