© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - EEF Welcomes PM Announcement on Apprenticeship Funding
Posted 17th March 2015

EEF Welcomes PM Announcement on Apprenticeship Funding

Commenting on the Prime Minister and Deputy Prime Minister's announcement to give employers control of apprenticeship funding

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

EEF Welcomes PM Announcement on Apprenticeship Funding
Image

EEF Welcomes PM Announcement on Apprenticeship Funding

Commenting on the Prime Minister and Deputy Prime Minister’s announcement to give employers control of apprenticeship funding, Tim Thomas, Head of Employment & Skills Policy at EEF the manufacturers’ organisation, said:

“Employers have been calling for years for an apprenticeship system that puts them firmly in the driving seat so the proposed new funding model using a digital vouchers  is both very welcome and an important step forward.  To make sure it’s effective ministers must avoid adding unnecessary red tape and give employers full control of apprenticeship funding as this will be key to providing high quality training. Without this, many employers will continue to be frozen out of taking on their first apprentice or deterred from expanding their current apprenticeship schemes.

“It’s important now for Government to immediately work with employers together to finalise the design of the funding mechanism to ensure it is simple, suitable for firms of all sizes and permanent.”

Commenting on the boost to apprentice pay, Tim Thomas said:

“We have been calling for a boost to apprentice pay and so the 57p increase to £3.30 is the right thing to do for manufacturing. For manufacturers, the value of recruiting apprentices means they will continue to pay above this rate to attract and retain the very best talent. However, the LPC’s role is determine a rate that works best for the wider economy and so government must ensure the increase does not act as a deterrent to recruiting apprentices amongst other sectors.”EEF Welcomes PM Announcement on Apprenticeship Funding


Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
U.S. Money Reserve Reviews Reveal Why Portfolio Holders Choose Precious Metals Over Other Assets
News
14/06/2024U.S. Money Reserve Reviews Reveal Why Portfolio Holders Choose Precious Metals Over Other Assets

Nearly twice as many Americans named gold as the best long-term investment in 2023 vs. 2022, according to a Gallup poll.  Only one asset, real estate, was ranked higher — and fewer consumers identified it as the best long-term investment choice vs.

Read Full PostRead - Eye Icon
Aberdeen Asset Management Acquisition of Arden Asset Management
M&A
13/08/2015Aberdeen Asset Management Acquisition of Arden Asset Management

Aberdeen Asset Management Acquisition of Arden Asset Management

Read Full PostRead - Eye Icon
Building Profitability: 5 Best Practices Businesses Need to Get Right to Succeed
News
23/09/2024Building Profitability: 5 Best Practices Businesses Need to Get Right to Succeed

Adopting strong practices is essential to thrive in business, and companies need to put a number of strategies in place that drive their goals and generate financial success to achieve the ultimate goal of profitability. This includes re-evaluating and refinin

Read Full PostRead - Eye Icon
Introduction to Settlement Agreements
Finance
02/02/2024Introduction to Settlement Agreements

Navigating the legal landscape of a dispute can be stressful and complex. One crucial aspect where this complexity often culminates is in negotiating a settlement agreement.

Read Full PostRead - Eye Icon
The Digital Operational Resilience Act: What This Means for the Finance Sector and Its Legacy Technology
Finance
02/11/2023The Digital Operational Resilience Act: What This Means for the Finance Sector and Its Legacy Technology

The main objective of the Digital Operational Resilience Act (DORA) is to strengthen the IT security of financial entities such as banks, insurance companies and investment firms. The EU deems this necessary because of the growing risk of depending on Informat

Read Full PostRead - Eye Icon
7 Financial Metrics and KPIs Your Company Should Be Monitoring
Finance
24/01/20227 Financial Metrics and KPIs Your Company Should Be Monitoring

There are hundreds of financial metrics for assessing business performance. Every company has a different business model, operations, and goals. For instance, the financial metrics in the manufacturing industry may differ from those in the transport industry.

Read Full PostRead - Eye Icon
Challenging the Status Quo
News
16/08/2023Challenging the Status Quo

As an innovator in the chargeback management and chargeback solutions space, Chargeback911 has cultivated a rich reputation for helping fight in the corner for those dealing with fraud in an online space.

Read Full PostRead - Eye Icon
Best In-House Global Tax Adviser – Singapore
Finance
08/06/2016Best In-House Global Tax Adviser – Singapore

NOL is the largest container shipping company listed on the Singapore Exchange (SGX). With more than 7,000 employees and offices located in over 40 countries, the Group delivers quality services through its core business, APL.

Read Full PostRead - Eye Icon
Bureau van Dijk Adds Document Management to its Transfer Pricing Solution
Innovation
24/09/2015Bureau van Dijk Adds Document Management to its Transfer Pricing Solution

Bureau van Dijk, the leading provider of company information, has created a new documentation workflow tool to streamline report-preparation, management and compliance in relation to the new BEPS and country-by-country reporting requirements.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow