© 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
Cross-Border Payments: Challenges and Solutions for AP Managers
News
20/05/2024Cross-Border Payments: Challenges and Solutions for AP Managers

In today’s global economy, handling cross-border payments effectively is essential for companies that do business internationally. In 2023, the total value of cross-border payments had soared to $190.1 trillion, highlighting the extensive and vital role

Read Full PostRead - Eye Icon
Benefits of Automation in Business
Innovation
06/06/2022Benefits of Automation in Business

The application of technology and automation in business is not something new. However, with significant advancements in machine learning and other advanced technologies like AI, automation is helping businesses streamline processes like never before.

Read Full PostRead - Eye Icon
Procam’s Acquisition of HotCam
Finance
28/05/2015Procam’s Acquisition of HotCam

Procam's Acquisition of HotCam

Read Full PostRead - Eye Icon
Executive Coaching – the Secret of Sustained Success
Leadership
04/05/2016Executive Coaching – the Secret of Sustained Success

Executive Coaching helps inspire leaders to transform themselves and their people to improve business results and performance, by developing skills, confidence and focus.

Read Full PostRead - Eye Icon
How to Grow Your Business in 2022: Best Strategies to Use
News
30/06/2022How to Grow Your Business in 2022: Best Strategies to Use

The business development life cycle is a five-stage process: launch, growth, shake-out, maturity, and decline. When a company comes to the maturity stage, there are only two options left: reorganize the business and move forward with it, or finish its lifecycl

Read Full PostRead - Eye Icon
The Clearing House Drives Closer to Standing-Up New Innovative National Real-Time Payment System
M&A
26/10/2015The Clearing House Drives Closer to Standing-Up New Innovative National Real-Time Payment System

The Clearing House (TCH)has announced it has entered into a letter of intent with VocaLink, the UK-based international payment systems provider.

Read Full PostRead - Eye Icon
Recognised for Their Legal Innovation and Outstanding Service
Leadership
19/07/2019Recognised for Their Legal Innovation and Outstanding Service

Anna Grigorieva & Co. LLC (AG ADVOCATES) is a boutique law firm offers a vast range of legal services from highly complex matters to day-to-day transactional legal needs.

Read Full PostRead - Eye Icon
School of Success: 6 Things Business Owners Can Learn from Teachers
Corporate Social Responsibility
05/06/2024School of Success: 6 Things Business Owners Can Learn from Teachers

Business and teaching are too often viewed as opposites or, at best, distant cousins when they actually have to lot in common. The biggest thing many of us don’t realise or have forgotten?

Read Full PostRead - Eye Icon
AI at Work: It’s Here and It’s Working, Whether You Know It or Not
Innovation
01/11/2023AI at Work: It’s Here and It’s Working, Whether You Know It or Not

Don’t call it a takeover, AI’s been here for years. A new global study from HR, payroll, and workforce management software provider UKG reveals that many people use AI daily both at home and at work, and it’s already making millions of jobs easier — em



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