Apprenticeship fees to be halved for SMEs from 1 April
Good news for SMEs wanting to up-skill employees.
Helping small businesses take on more apprentices the Chancellor of the Exchequer, Phillip Hammond announced: “From 1 April employers will see the co-investment rate they pay cut by a half from 10 per cent to 5 per cent, at the same time levy-paying employers are able to share more levy funds across their supply chains, with the maximum amount rising from 10 per cent to 25 per cent.”
The Department for Education also confirmed that the 5 per cent contribution will also apply to levy-paying employers when their levy pot is empty.
A Chartered Manager Degree Apprenticeship (CMDA) at Surrey Business School is the ideal way to inject new energy and ideas into your business, building the talent base needed for sustainable growth and success. Non-levy paying SMEs will only pay £1,100 for the full CMDA at Surrey.