Training provider urges large firms to spend Growth and Skills Levy before funding is lost

Jordan Burke (pictured), director of Derby-based Nine Dots Development, said many firms have not grasped the full impact of new Government rules affecting the Growth and Skills Levy, previously known as the Apprenticeships Levy.

Burke has urged large firms to “use it or lose it” as Government reforms mean many businesses could miss out on apprenticeships funding.

Burke said: “Reforms coming into effect this year mean businesses should really focus on spending the money that they have paid into the funds and get apprentices trained up as soon as possible. 

“If they don’t, millions will be returned to the Treasury and they will miss out on potentially valuable training opportunities. 

“Not just that, young people who would really benefit from apprenticeship training will miss their chance too.”

Burke added: “That seems a huge shame when so much has been done to boost the value and opportunities provided by apprenticeships in the UK.

“At Nine Dots Development we have trained thousands of apprentices over the years. 

“It’s clear to see what great benefits they are giving young people who gain such a lot of confidence and skills through the scheme.”

He said: “My hope is these changes being introduced by the Government are a wake-up call to big businesses which have been paying huge amounts over the years into the Levy and not spending the funds. 

“By reducing the timeframe for spending the money I hope large companies are given a bit of a sharp reminder that the funding is there for apprenticeships and they should spend it. 

“Otherwise it will be a huge wasted opportunity both for business and the next generation of talent.”