Government Spending Review: Sunak promises more employer support
The government has pledged £2.5 billion of funding for apprenticeships and further improvements for employers.
In his spending review speech in Parliament today, chancellor Rishi Sunak said the government would “improve the way the apprenticeship system works for businesses”. The documents published alongside the speech set out that from August of next year, employers that pay the apprenticeship levy will be able to transfer unspent levy funds “in bulk” to small and medium-sized enterprises (SMEs) with a new “pledge function”.
“Unspent levy funds will still expire after 24 months,” the documents add. “The government will also introduce, from August 2021, a new online service to match levy payers with SMEs that share their business priorities.”
(Article by tes FE)