TyneMet College: How Apprenticeship Levy can help businesses in the North East

Apprenticeships have long been recognised as a vital pathway for skills development and direct entry to the workplace – bridging the gap between education and employer need.

The introduction of the Apprenticeship Levy in April 2017, aimed to incentivise businesses to invest in this form of training. However, many businesses do not understand how to utilise the Levy and the benefits apprenticeships can bring to their business. 

TyneMet College’s Business Engagement Team works with businesses to support them in understanding the apprenticeship route, the use of the levy and how both can be used in cultivating a workforce with skills tailored specifically to business need.  

Tailored Skill Development: For sectors like construction and engineering, where specialised skills are critical, apprenticeships provide a practical, hands-on approach to learning. Employers can ensure that apprentices are trained to meet the exact standards and requirements of their industry, resulting in a highly skilled and job-ready workforce.

Cost-Effective Recruitment and Training: Using the Apprenticeship Levy can be a cost-effective approach to developing talent. This can be particularly beneficial to sectors such as early years and health and care sectors, where budget constraints are often significant.

Increased Retention and Loyalty: Apprenticeships often lead to higher retention rates with employees feeling valued and supported in continuous personal development. In industries where staff turnover can be high, apprenticeships can foster loyalty and provide a clear career progression path, encouraging employees to stay longer with their employer - crucial for maintaining client relationships and service quality.

Innovation and Fresh Perspectives: Apprentices bring new ideas and perspectives that can drive innovation within a company. In the rapidly evolving digital sector, having apprentices who are up-to-date with the latest technologies and trends can provide a competitive edge. They can introduce fresh approaches to problem-solving and contribute to the company’s adaptability in a fast-paced market.

Improved Business Performance: Well-trained employees tend to be more productive and efficient, resulting in a stronger reputation for the business.

Enhanced Corporate Social Responsibility (CSR): Investing in apprenticeships demonstrates a company’s commitment to the local community and workforce development.

Employers can access a cost-effective, highly skilled, and loyal workforce by investing in apprenticeships. A business can not only enhance its performance and innovation but, also ensure sustainable growth and community development. To find out how TyneMet College can support your business, please contact Director of Business Engagement, Joanne Chadwick on 07598581496.

TyneMet College is proud to sponsor the Apprenticeship Awards. Find out more about the awards here.