England is making changes to the way apprenticeship funding works, including introducing an apprenticeship levy, an apprenticeship service and a new ‘co-investment rate’.
Government writes:
We’re making changes to the way apprenticeship funding works, including:
- introducing the apprenticeship levy
- introducing the apprenticeship service – this is an online service that allows employers to choose and pay for apprenticeship training more easily
- introducing a new ‘co-investment’ rate to support employers who don’t pay the levy (‘co-investment’ is when employers and government share the cost of training and assessing apprentices)
Apprenticeships are a devolved policy. This means that authorities in each of the UK nations manage their own apprenticeship programmes, including how funding is spent on apprenticeship training.
For more background see UK Gov
