If you’re an employer in England, you’re no stranger to the Apprenticeship Levy. It’s a well-intentioned scheme aimed at bridging the skills gap, allowing employees to access training and upskilling opportunities. However, as many employers have discovered, navigating the intricacies of the current Apprenticeship Levy can be challenging, leaving funds unspent and potentially wasted.
Consider this: Employers in England have lost over £4 billion in unspent levy funds returned to the Treasury due to the restrictions on what these funds can be used for. That’s a staggering amount of money that could have been invested in the growth and development of our workforce.
In cases where businesses urgently need to upskill their employees, the existing system forces them into lengthy apprenticeships when more streamlined training options could get the job done faster.
Moreover, there are individuals with family or caregiving responsibilities who can’t commit to year-long courses and college hours. Why should they be left out of the nation’s mission to retrain and reskill?
Both businesses and the government agree that tackling skills and labour shortages is essential for economic growth. That’s why organisations like the Confederation of British Industry (CBI) are urging the government to transform the Apprenticeship Levy into a more flexible Skills Challenge Fund.
Under this proposal, levy-paying businesses would be free to spend their funds on any training that is part of a regulated qualification or accredited training course, not just traditional apprenticeships. A CBI survey found that, with this policy change, levy-payers would invest an additional 30% of their levy over the next year for training.
But how do we make this transformation happen? Enter the FCSA Levy Network, the game-changing platform that’s set to reshape the future of apprenticeship funding.
With the FCSA Levy Network, employers gain control over their levy contributions, ensuring that the levy charged by the government is reinvested where it matters most: in their workforce, rather than being absorbed back into the government’s coffers. The possibilities are limitless. From addressing skills shortages to embracing digital and green skills, businesses can now seize growth opportunities today and in the future.
In fact, there’s a whopping £3.2 billion up for grabs for the UK economy by 2030 through digital reskilling alone. The FCSA Levy Network is your gateway to unlocking this potential.
Don’t miss out on this incredible opportunity to take charge of your apprenticeship funding and invest in the skills and training that can transform your organisation.
Visit fcsalevynetwork.co.uk today to explore the boundless possibilities of the FCSA Levy Network. Join a community of forward-thinking businesses committed to shaping a brighter future for your organisation and the UK economy. Together, we can make it happen.
