CIPFA gets Approval from the Government to provide Apprenticeship Training in the Country
CIPFA now has been accepted onto the Education and Skills Funding Agency’s (ESFA) register of apprenticeship training providers and this allows the organisation to start providing finance and accountancy apprenticeships as part of the government’s levy programme.
The government is planning to launch a number of apprenticeships from autumn this year as part of their original plan to increase the number apprenticeships in England. The Government is targeting a number of 3 million with regards to new apprentices in the country by the year 2020.
The announcement of CIPFA becoming an approved apprenticeship training provider came after the apprenticeship levy programme was introduced in April of this year.
According to director of learning delivery and partnership at CIPFA, Giles Orr, we are seeing a lot of changes with regards to the ways in which services are being provided and delivered all across the public sector and in order to cope with all these changes and the challenges that comes with these changes, it is very important to have right personnel with right kind of skills, particularly when it comes down to managing finances.
All the firms with a payroll of more than £3 million a year must pay 0.5% of the annual pay bill as levy to the HMRC. All the employers will be provided with an annual allowance of £15,000 that can be settled off against their annual pay bill. This means that all the employers that are having an annual pay bill of either £3 million or less will not be required to contribute any amount in levy.
Giles Orr also said that the apprenticeship levy basically highlights that how serious the government is regarding nurturing and developing the next generation of public sector professionals and in the process making sure that these professionals are not left with a skills gap.
To assist all the public sector organisations with regards to the apprenticeship levy, the recently approved training provider (CIPFA) has provided guidance with regards to the apprenticeship levy which not only explains the new policy but also shows light on how the policy can impact the public bodiesOn June 15, CIPFA will be hosting an open day, this will not only help all the public sector organisations to have a better understanding of the requirements with regards to apprenticeships but will also be used as a platform to provide information with regards to CIPFA’s apprenticeships offers.