The BT Group Apprenticeship Fund aims to support SMEs, charities, and public sector organisations across England by providing access to £4 million in apprenticeship funding over four years.
The programme utilises the apprenticeship levy, a government initiative introduced in 2017, which requires companies with a wage bill exceeding £3 million to contribute 0.5% of their payroll to fund apprenticeships. Businesses can also transfer up to 50% of their unused levy to other organisations under new rules from April 2024.
The Fund, designed to support up to 550 apprentices, focuses particularly on developing digital skills, aligning with BT's emphasis on technology. As more than a third of mid-sized businesses report difficulty in recruiting apprentices, the funding is expected to have a positive economic impact, estimated at £21 million.
The programme also seeks to reduce the digital divide, and enhance social mobility by providing fast access to apprenticeship funding for smaller organisations. Through levy transfers, it aims to help develop local skills and create opportunities for businesses and individuals alike.
Organisations will be matched with appropriate training providers and guided through the application process. Successful applicants will be provided with access to funded apprenticeship training within 20 days.
Support may be accessed at any time.
BT Group launches £4m Apprenticeship Fund to boost local skills and support small businesses
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