Show findcourses.co.uk as: Mobile

Autumn Budget 2017: What Does it Mean for Apprenticeships?

Autumn Budget 2017 Apprenticeships

On Wednesday 22nd November, Chancellor of the Exchequer, Phillip Hammond outlined the Autumn Budget. But what was said about apprenticeships? And what could it mean for levy-payers, aspiring-apprentices, and the skills-gap as a whole?

Apprenticeships: Still on track?

Hammond reiterated the government's plans to deliver 3 million apprenticeships by 2020, despite the recent revelation that the number of apprentices starting in May, June and July this year was down by 61% compared to 2016.

The focus of the speech was very much on addressing the problem of skills shortages in Britain, and apprenticeships played a part in this.

"Meeting the challenge of change head on means giving our people the confidence to embrace it, and the skills to reap the rewards from it," the Chancellor said.

"And we have a plan to do so.

We’re delivering 3 million apprenticeship starts by 2020 thanks to our apprenticeship levy."

Flexibility for levy-spend

Hammond also addressed the restrictions apprenticeship levy-paying companies are facing with how they can spend their apprenticeship funds.

"I’ll keep under review the flexibility that levy payers have to spend this money."

It is not yet known what this could entail, but there is speculation that the 20% off-the-job rule may be redefined, and that employers may have more flexibility with training existing staff.

The Treasury forecast that the apprenticeship levy is expected to raise £2.8 billion by 2019/20.

National minimum wage for apprentices will rise

The budget also outlined that the national minimum wage for apprentices will rise from £3.50 to £3.70 per hour. This will come into effect in April.

Although apprenticeships have not yet taken off as many expected when the reform began, the budget certainly indicates that the government still has faith in the importance of apprenticeships for the country's education system, workforce, and future as a whole.

Download your free guide to apprenticeships for employers!



Highlights include:

  • Essential information on the government’s apprenticeship reform 
  • A clear explanation of government funding – for both levy- and non-levy-payers
  • How to formulate a winning apprenticeships strategy 
  • Guidance on finding the right training for your apprentices

Download Your Free Apprenticeships Guide
This field is used for controlling automatic form submits. Please leave it blank:
Contact Details

Ready to search for apprenticeship training?

Find an apprenticeship and connect with registered apprenticeship training providers who can deliver it.

Search for apprenticeship training

Last updated: 18 Jun 2018

You might also be interested in:

Last updated: 18/06/2018

Procurement Apprenticeships - Supply, Demand and the Impact of the Levy

Interested to learn how the Apprenticeship Levy is impacting the procurement industry? We speak to SR Supply Chain Consultants about procurement apprenticeships - and gain key insights into how companies are benefiting from the levy.

Topics: Apprenticeships
Read more
Last updated: 18/06/2018

The Apprenticeship Levy: Employer Plans, Perspectives & Predictions

The Apprenticeship Levy is coming into effect in April - but with the reform right around the corner, how are employers planning to respond? Do they have a plan? And what are their major concerns? Findcourses has put together the results of its recent employer survey.

Topics: Apprenticeships
Read more

U.K. L&D Report: 2018 - Benchmark Your Workplace Learning Strategy

Are you curious about the L&D strategies of some of the U.K.'s top companies?

Find out what they're up to in findcourses.co.uk's first annual U.K. L&D Report!

UK L&D Report

Learn more

LOOKING FOR TRAINING?

findcourses.co.uk offers a free consultancy service to help compare training for you and your team

Request a free quote

APPRENTICESHIPS

Is your company looking to take on an apprentice?

Learn more

APPRENTICESHIPS GUIDE

Download your free copy of the ultimate guide to apprenticeships for companies

  Download for free