New Apprenticeship Funding Could Help Your Business Cut Training Costs

National Upskill • 5 min read

Invest in Your People Without Taking on the Full Training Cost

Apprenticeships aren't just about bringing new people into your organisation. They can also be a fantastic way to develop the skills of existing employees and help them progress in their careers.

With the right apprenticeship, you could support an employee to gain new knowledge, practical skills and a recognised qualification — helping both them and your business to grow.

Recruit and Develop New Talent

Finding people with exactly the right skills can be challenging.

An apprenticeship gives you the opportunity to recruit someone with potential and provide them with structured training tailored to their role and your organisation.

Instead of simply looking for candidates who already have all the skills you need, you can develop those skills within your own business.

For eligible 16–24-year-olds, the new funding arrangements could make this an even more cost-effective way to grow your team.

Develop Skills That Match Your Business

One of the biggest advantages of apprenticeships is the combination of structured learning and practical experience.

Apprentices can apply what they learn directly within your organisation, developing skills that are relevant to their role while gaining experience in a real working environment.

This can help businesses develop talent that understands their processes, customers and culture from the very beginning.

Build Your Future Workforce

Investing in apprenticeships can be about more than meeting an immediate skills gap.

By developing people from the beginning of their careers, you can start building a pipeline of skilled employees who understand your business, your customers and your industry.

Develop Existing Employees Too

Apprenticeships aren't limited to new recruits. Depending on the programme and eligibility requirements, they can also provide a structured development route for existing employees.

This means you can use apprenticeships to support career progression, develop new capabilities and address skills gaps within your existing team.

The Potential Benefits for Your Business

Depending on your circumstances and the eligibility of the apprentice, apprenticeship funding could help your organisation to:

• Reduce training costs for eligible apprentices
• Develop existing employees with new skills and qualifications
• Recruit new talent and train them in the skills your business needs
• Address skills gaps within your organisation
• Improve employee development and progression
• Build a pipeline of skilled employees for the future

Could an Apprenticeship Work for Your Business?

Perhaps you already have a young employee who would benefit from gaining a recognised qualification.

Or maybe you're considering recruiting someone new and would like to develop them into a valuable member of your team.

Either way, it's worth exploring what apprenticeship opportunities could be available to you.

At National Upskill, we can help you understand the options available, identify suitable apprenticeship programmes and explain how the funding could work for your organisation.