ESFA ANNOUNCE RESET OF RESERVATION OF FUNDS
Reservation of funds reset for employers that do not pay the Apprenticeship Levy
The ESFA announced last week that from 1 June 2022, the reservation levels for employers who do not pay the apprenticeship levy will be reset. This means that employers that do not pay the apprenticeship levy can reserve funds for up to 10 apprenticeship starts.
Any reservations made before 1 June 2022 can be converted to starts within the reservations period. These will not count towards the number of reservations made in the financial year 2022-23.
Why there are reservation levels
For employers who do not pay the Apprenticeship Levy, reservations give certainty that the government will pay for apprenticeship training while also managing the availability and affordability of apprenticeship funding for all employers.
This change will enable employers to recruit additional apprentices and provide them with greater flexibility and certainty when planning their apprenticeship programmes.
For further information on the changes or to discuss how we can help you, please get in touch - email@example.com 0330 1000 610