Government financial support for training and development 

Date: 7th December 2020

 The pandemic has impacted businesses across the UK – and the world  and the economy may take many months, if not years, to recover.  

 This means that income and profits have been impacted in many industries – and that, with furlough schemes and government financial support, there are many people unsure whether they can work, what hours they can work, where and when they can add training to their working schedule and what financial support is available.  

 As we end the second UK lockdown, and Government remain in discussions about future plans for tiered restrictions, locking down some areas, closing some kinds of business – and business is impacted by things like social distancing, mask wearing and the number of people able to meet indoors it leaves a significant number of businesses wondering how to survive, and how to protect their employees through the closure periods.  

We know that you want to support the mental health and progress of your employees, as well as protecting the income and overheads of your organisation. Through furlough periods Government have aided the financial support of businesses by offering grants, financial aid and furlough payments to employees; the agreement for those who are furloughed is that they cannot undertake any work tasks whilst they are furloughed – but you can offer training programmes to those who have been furloughed, or to support the team members who aren’t currently able to work in  your offices or in busy, face-to-face environments in your business.  

One way to support the cost of this training – which will not only see your team feeling more engaged, occupied and supported whilst their working schedule is impacted, it will also lead to improvements and development in the team post-Covid when working returns to a more ‘normal’ routine – is Levy funding.  

What is Levy Funding?

The Levy fund is an investment your organisation have already made; your Levy fund is a pool of financial support available to invest in the learning and development of apprentices in your industry. Apprenticeships – once seen as the blue collar qualification – have become increasingly popular for those looking to advance into management and leadership roles in white collar industries – and Management and Leadership Apprenticeships are something that the Management Apprentice team offer, supported by the Levy funding investments you’ve already made. 

Many employers received financial support for furloughed staff, meaning that businesses could protect themselves from the impact of economic crisis, but that has left many people afloat with little structure to their time, their career progress, and a lot of questions being asked about their future as weeks drifted by with no contact from their employer.  

We are, as mentioned, coming back out of the UK’s second lockdown, but with the possibility of it being extended, some businesses still unable to open to the public, many people still working from home and the chances of another lockdown being announced in coming weeks, we know that people need more than the promise that they’ll continue to receive an income, thanks to furlough schemes. For the sake of people’s mental health, structure, routines, mental and emotional wellbeing and potential for future growth, employment and career development, it’s important that employers maintain some contact, and support the needs of their team beyond the basics of an income and the hope that there will be a job to return to. 

One significant way that you can support those needs for your employees is to use this difficult time proactively; to offer employees the chance to train, learn and develop, to improve their professional skills and abilities, and to enrich their experience with your organisation. Making use of the Levy Funding you’ve previously invested, and offering leadership and management apprenticeships to the future leaders of your team, not only means that your investment is being protected and utilised, it also means that your employees see that you value them – now and their future potential – that you are willing to invest both time and money in their growth and job security – and shows that their current situation, forced by a pandemic to be very different to what you or they had planned for the year, matters to you, and you want to support their wellbeing.  

Training gives far more than skill development; it gives people purpose, routine, a structure and shape to their time away from ‘business as usual’ – it means that those who can’t carry out the tasks they’d usually be employed to do are still making use of their time, and are improving the work that they are able to do, adding depth to the skills and experience they bring to your team, and adding levels of insight and knowledge to your team.  

Those who are furloughed can’t work in their usual role, but are still able to train – which benefits both them and you as the employer, as you’ll get team members with more skills back into the workplace when the pandemic has passed, and those who aren’t furloughed but who have been impacted by changes in their role because of the new ways we are all expected to work can use the opportunity to upskill and advance their career.  

It’s a mutually beneficial arrangement, and one which needn’t cost you any additional outlay. If you want to learn more about the ways you can support your team through the ongoing Covid-19 pandemic, and ensure that they feel valued through a very challenging period in history, call our team to ask about the Management and Leadership Apprenticeships we offer – and let us help you to protect your organisation against the impact of employees feeling lost and disconnected. 

Contact us today to find out how our Apprenticeship programme could be the perfect solution for your team to navigate this difficult period.  Speak with our specialists on +44 (0)3300 241336 or email hello@managementapprentice.com