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Government to pilot new funding model for Apprenticeships

The government has announced the launch of a new pilot funding scheme for Apprenticeships. Under the new scheme employers will pay a third of the cost to train an apprentice, with public funding covering the remaining 67%.
The Department for Business, Innovation and Skills has named the ‘Trailblazers’ group (a cluster of employers and professional bodies from eight sectors) as the subject for the pilot, and the scheme will apply for apprentices commencing on or before 31 July 2015.
The five-band model also allows for additional government funding for successful completion, in order to support small businesses with less than 50 employees and apprentices aged 16-18. English and maths funding for Apprenticeships will be independent of the scheme, and thus providers could still receive up to £1000 per learner from the government.
By | 2017-08-15T15:28:51+00:00 June 5th, 2014|Apprenticeships, Archive, News UK|Comments Off on Government to pilot new funding model for Apprenticeships