Locks and Security News: your weekly locks and security industry newsletter
21st October 2020 Issue no. 530
Your industry news - first
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UK Government is proposing that employers could be funded directly to purchase the apprenticeship training they want
Following recommendations from the Richard Review of Apprenticeships, the UK Government has decided to propose a shake up to the way apprenticeship funding is handled in England.
Business Secretary Vince Cable announced proposals to give employers freedom to choose the training that is most relevant and cost-effective to the needs of the Apprentices and their businesses, choosing from a range of available courses.
Have your say...
There is a 10 week consultation on the proposed funding reforms for apprenticeships in England.Three apprenticeship funding options are being proposed, but alternative models will also be considered. The three proposals are:
• Direct Payment Model: businesses register apprentices and report claims for government funding through a new online system; Government funding is then paid directly into their bank account
• PAYE Payment Model: businesses register apprentices through a new online system; they then recover government funding through their PAYE return
• Provider Payment Model: government funding continues to be paid to training providers, but they can only draw it down when they have received the employer's financial contribution towards training
To have your say on the proposals, download the consultation response form from the Department for Business Innovation & Skills' website and return it via email or post to the contact details provided before the 1 October 2013.
7th August 2013