Funds Transferability Will Be a Boon
Enginuity has warmly welcomed the publication of Government plans for the Apprenticeship Levy.
The not for profit employer led organisation, charged with skilling engineering and advanced manufacturing, had been calling for clarity and further detail to help businesses large and small ensure that they are ready to embrace the changes.
Ann Watson, CEO of Enginuity said: "There is much to be welcomed by our sector.
"The successful introduction of the Apprenticeship Levy is now absolutely vital to the future of our sector and our nation – Enginuity is totally committed to help make this happen.
"The transferability of levy funds to other employers and the full funding by government of younger apprentices taken on by small employers are particularly pleasing.
"Over £350 million a year is spent on apprenticeships in our sector, 25% of the total.
"It's crucial that employers are able to maintain this level of investment in their skills, so we welcome the generous 90% co-investment proposed by the government and the uplift for STEM apprenticeships."
Enginuity represents around 150,000 companies, many of them SMEs, across the country.
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