Marvin OnumonuS&A Academy has warned bosses in banking, finance and insurance to sign up staff for executive leadership training before Government funding ends.
The academy, which provides apprenticeships and commercial training, said funding for the level 7 senior leadership apprenticeship will be withdrawn for those aged 22 and over from 1st January 2026.
This means employers will have to pay up to £14,000 per employee for the course after this date.
Jemma Perks, managing director at S&A Academy, said: “The government’s decision to withdraw funding has a direct impact on both employers and employees across the banking and financial services sectors.
“It will mean that after the 1st January 2026 employers will now have to pay £14,000 per employee if they choose to put employees on the L7 senior leader programme.
“The cost is likely to also be prohibitive to employees looking at the options of self-funding.”
Perks added: “Employers and employees can benefit by accessing funding for these courses providing they sign up in November before our next intake starts.
“The longer-term impact for the banking and financial services sector will be felt in senior leadership roles with not enough talented future leaders coming through the executive leadership pipeline.”
