Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • SBI Mutual Fund’s top 5 SIP plans – up to 20% CAGR in 10 years; Rs 10K investment turns into Rs 35 lakh – Money News
    • Sovereign wealth funds, including Singapore’s GIC, drive biggest deals in US$3.5 trillion M&A year
    • Buffalo Comptroller appealing judge’s ruling over her refusal to issue bonds
    • 3 Unstoppable Growth ETFs That Could Turn $10,000 Into More Than $12 million With Practically Zero Effort
    • The Housing Market Is Slowing Down But These REIT ETFs Are Running Hot. Thank AI.
    • New England police union claims to have found ‘significant’ misappropriation of funds
    • BSEC bars mutual fund investment in bank bonds.Will it deprive investors?
    • ‘Sip and Screen’ event at Orlando Health South Lake Hospital promotes Breast Cancer Awareness
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Firms must ‘act swiftly’ to tap apprenticeship funds
    Funds

    Firms must ‘act swiftly’ to tap apprenticeship funds

    August 14, 2025


    Businesses have been urged to futureproof their workforces ahead of the withdrawal of a key source of apprenticeship funding next year.

    From January, funding will be scrapped for level-seven apprenticeships – equivalent to a master’s degree – for anyone aged 22 or over, with resources redirected to lower levels, where the government said they would have the greatest impact.

    Industry figures previously warned that the plan would hit specialist roles, such as fire engineers, and training more widely, as employers scramble to plug the funding gap.

    Steven Hurst, director of corporate learning at Arden University, said the construction sector often relied on level-seven apprenticeships to address leadership skill shortages and attract younger talent.

    The scrapping of funding for older candidates would likely cause a “key pain point” for firms hoping to formally upskill more senior staff or increase the diversity of their top ranks, he warned.

    “Construction firms need to act swiftly to capitalise on current funding opportunities before the December cut-off,” Hurst urged.

    The narrowing window presented both a challenge and an opportunity for employers, he added: “Left unchecked, skills gaps and leadership deficits may exacerbate already critical workforce shortages, but organisations that proactively plan can not only mitigate these risks but also strengthen their position for the future.”

    Hurst recommended that employers identify candidates in their current workforces and ramp up recruitment efforts while funding is still available.

    Employees aged 22 or over should be prioritised for enrolment in the programme, he advised.

    “With the age cap for funding set to change, targeting talent before the end of the year who will be ineligible to access funding from 2026 makes strategic sense,” Hurst said.

    For organisations prevented by budget restrictions from funding level-seven apprenticeships next year, level-six schemes could be a viable alternative.

    “Equivalent to degree-level qualifications, these programmes still deliver high-quality training while addressing workforce diversity and retention goals,” Hurst said.

    According to research by the University Vocational Awards Council (UVAC), cuts to levy funding of level-seven apprenticeships next year will cost employers around £214m in additional training.

    With almost nine in 10 level-seven apprentices aged 22 or over, the funding restriction risks widening the skills gap, hindering social inclusion and stifling economic growth, it said.

    While the government had suggested there would be greater flexibility under its new growth and skills levy for construction firms – such as allowing employers to allocate unspecified levy funds to non-apprenticeship training and reducing the minimum duration of an apprenticeship from 12 to eight months – these measures were still to be finalised, the council noted.

    “Until the government announces the policy detail around the […] levy, unfortunately, construction firms are in a state of limbo and will find it more challenging to plan ahead and forecast training budgets,” said UVAC chief executive Mandy Crawford-Lee.

    In the meantime, firms should be aware of the wealth of higher and degree apprenticeships still available at levels four, five and six.

    “We’d advise employers to maintain a strong dialogue with their local university and other higher and degree apprenticeship training providers to explore what opportunities are available to recruit more apprentice talent and meet a range of skills and business needs,” she said.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Sovereign wealth funds, including Singapore’s GIC, drive biggest deals in US$3.5 trillion M&A year

    October 21, 2025

    New England police union claims to have found ‘significant’ misappropriation of funds

    October 21, 2025

    Ball raises funds for Airedale Emergency Department Appeal

    October 21, 2025
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    The Housing Market Is Slowing Down But These REIT ETFs Are Running Hot. Thank AI.

    October 21, 2025

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    SBI Mutual Fund’s top 5 SIP plans – up to 20% CAGR in 10 years; Rs 10K investment turns into Rs 35 lakh – Money News

    October 22, 2025

    SBI Mutual Fund, one of India’s largest fund houses, today operates over 125 schemes across…

    Sovereign wealth funds, including Singapore’s GIC, drive biggest deals in US$3.5 trillion M&A year

    October 21, 2025

    Buffalo Comptroller appealing judge’s ruling over her refusal to issue bonds

    October 21, 2025

    3 Unstoppable Growth ETFs That Could Turn $10,000 Into More Than $12 million With Practically Zero Effort

    October 21, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Here are 2 exceptional ETFs to consider in September!

    September 9, 2025

    This 1 Simple ETF Could Turn $300 a Month Into $1 Million

    August 17, 2024

    Les émetteurs américains REX Advisers et Osprey demandent l’autorisation de lancer l’ETF Trump meme coin -Le 22 janvier 2025 à 00:27

    January 21, 2025
    Our Picks

    SBI Mutual Fund’s top 5 SIP plans – up to 20% CAGR in 10 years; Rs 10K investment turns into Rs 35 lakh – Money News

    October 22, 2025

    Sovereign wealth funds, including Singapore’s GIC, drive biggest deals in US$3.5 trillion M&A year

    October 21, 2025

    Buffalo Comptroller appealing judge’s ruling over her refusal to issue bonds

    October 21, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.