Apprentices: Finance

Department for Education written question – answered on 15th October 2020.

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Photo of Karin Smyth Karin Smyth Shadow Minister (Northern Ireland)

To ask the Secretary of State for Education, what discussions he has had with the Association of Education and Learning Providers on a stand-alone apprenticeships budget for SMEs.

Photo of Gillian Keegan Gillian Keegan The Parliamentary Under-Secretary of State for Education

In the 2020-21 financial year funding available for investment in apprenticeships in England is around £2.5 billion - double the amount spent in the 2010-11 financial year. The department wants to ensure that we grow the number of small and medium sized entreprises (SMEs) offering apprenticeships supported by funding, given that they are vital to the UK economy. We continue to work with smaller employers to give them the confidence and support to take on new apprentices.

We are also working with large employers to improve the transfer process, making it easier for them to find smaller employers to transfer levy funds to, thus helping them maximise the amount of funding they will be able to transfer.

We continue to listen to and work with the Association of Education and Learning Providers and other stakeholders on how best to support SMEs to make the most of apprenticeships.

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