The present coverage of “use it or lose it” for the apprentice levy is deeply unfair and unhelpful within the automotive trade, in accordance with the NFDA.
Since 2019 companies throughout the UK have misplaced over £3.3bln in unspent apprenticeship levy funds, and the NFDA is questioning the place this unspent cash is being spent by the Treasury.
The NFDA stated that it strongly believes within the worth that apprenticeships have within the automotive trade, nevertheless, urges that the Treasury rethink the way it can greatest assist each apprentices and employers.
Sue Robinson, chief government officer of the NFDA, stated: “Apprenticeships have been a key a part of not solely our trade however industries throughout the UK. The continued survival of vibrant younger expertise and innovation throughout the UK is dependent upon a robust, clear and constant strategy by the federal government on apprenticeships.
“Attracting younger individuals to our trade and offering them with the chance to achieve technical abilities has been a key focus for NFDA and one thing we now have been highlighting over the previous years via the continued success of Drive My Profession. The federal government should act swiftly with a purpose to not let down younger individuals and companies throughout the nation.”