The Annual Investment Allowance (AIA) is available for investment in plant and machinery. In the 23 September Growth Plan, the government announced that it would permanently set the AIA at £1 million. Unlike capital expenditure, workplace training is tax-deductible for companies and so expanding the AIA to cover workplace training is not something the government is considering.
The Government is, however, supporting workplace training. The Government has transformed apprenticeships – which are jobs with training for anyone of any age – to align with employer needs and the Spending Review 2021 increased total government spending on skills in England by £3.8 billion by 2024-25.