The Labour party have made reform of the Apprenticeship Levy a key focus of their plans for the skills system. They propose to turn it into a Growth and Skills Levy, which would allow businesses to spend up to 50% of their levy contributions on a wider range of training qualifications. Whilst the full range of qualifications eligible for funding remains to be determined, Labour have said this will include modular courses that relate to their industrial strategy, including digital and green skills, social care and childcare. To model the potential benefits of Labour allowing employers to spend a proportion of their Growth and Skills Levy funds on Higher Technical Qualifications (HTQs), Public First used existing published economic analysis on the returns to individuals of taking HTQ qualifications at Level 4 and 5. Click here for more.
