Money will come from Growth and Skills Levy

Chancellor Rachel Reeves has said she will be making training for under 25 apprenticeships free for small and medium sized enterprises.

In this afternoon’s Budget, Reeves said the money will come from £725m allocated under its Growth and Skills Levy.

A Treasury document added: “Alongside this funding, the government will introduce new reforms to simplify the apprenticeship system and make it more efficient as short courses are introduced from April 2026.”

apprentices

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A series of measures aimed at apprentices were unveiled in the Budget this afternoon

Reeves said government will guarantee a six-month paid work placement for every eligible 18 to 21 year old who has been on Universal Credit and looking for work for 18 months.

Meanwhile, the National Minimum Wage for 16 to 17 year olds and apprentices will rise by 6% to £8 from next April.

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