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What is a higher or degree apprenticeship?
Higher and degree apprenticeships allow individuals to achieve a higher education qualification while working full-time and gaining experience in the workplace. Higher apprenticeships lead to higher education qualifications including HNDs and foundation degrees, while degree apprenticeships lead to a full Bachelor’s or Master’s degree.
What are the benefits for apprentices?
They will gain a higher-level qualification at the same time as earning a full-time wage without the need to take out a student loan. Their employer will contribute to the training cost with the remainder paid by the government. They will also continue to build up their work experience, with the possibility of gaining additional professional qualifications. Statistics show that 71 per cent of apprentices stayed with their employers after completing their training, while a quarter received a promotion within 12 months (Department for Business, Innovation and Skills Apprentice Survey 2014).
What are the benefits for employers?
Offering apprenticeships can be a way for employers to attract high-quality new talent with a desire to progress to Bachelor's or Master's degree level within a workplace environment. It can also be a practical way to fill any skills gaps that may exist within the workforce, as the apprentices will be learning sector-specific skills from the start. Staff who have trained with a company may have greater loyalty, and be more likely to stay for a long period, providing opportunities for businesses to produce their own leaders from within.
How are apprenticeships funded?
Apprenticeships will be funded through the Apprenticeship Levy, paid by all UK employers with a payroll of over £3 million a year. Employers that are subject to the levy can claim back their payments to fund apprenticeships, and all employers can claim up to 90 per cent of the cost of training and assessing apprenticeships. There is no cost to the apprentice.