In the rapidly evolving landscape of modern manufacturing and business, maintaining a future-proofed workforce with the skills your business needs to navigate dynamic challenges is crucial for organisations’ sustained growth and success. The Lloyds and MTC Training partnership supports companies like yours to tap into rich pools of hidden talent and innovation through apprenticeships.
SME Apprentice Support Services: Navigating Complexity with Ease
Entering the world of apprenticeships can often seem daunting, with a multitude of rules, regulations and funding intricacies to decipher. The SME Apprentice Support Service is a collaborative initiative between Lloyds and MTC Training, designed to demystify the complexities of apprenticeship funding and Levy Transfer support so that more businesses reap the benefits of developing brand new home-grown talent.
The service streamlines the entire apprenticeship process for small and medium-sized enterprises (SMEs), enabling often overlooked organisations to seamlessly identify, recruit and nurture the next generation of workforce . By providing clear guidance and expert assistance, our experts empower SMEs like yours to easily navigate the apprenticeship model, allowing you to focus on your core business operations while confidently nurturing talent for future growth.
Lloyds Levy Transfer: Empowering SMEs to Invest in Talent
Central to this partnership is the Lloyds Levy Transfer, which aims to fuel the growth of the UK economy by enabling more SMEs to access free apprenticeship training. Sharing 25% of its own Apprenticeship Levy, Lloyds channels vital resources into the hands of local businesses through MTC Training, fostering skills development and career opportunities for seasoned professionals and aspiring talent alike. The initiative provides financial support as well as opening doors for SMEs to access top-tier training facilities, proven expertise and industrial innovation, equipping workforces with the tools manufacturing companies need to thrive in today's competitive market.
The scheme focuses on Level 2 to Level 4 engineering apprenticeships, delivered through MTC Training’s state-of-the-art training facilities in Coventry, Oxfordshire and Liverpool. Levy Transfer embodies a commitment to excellence and innovation in workforce development, ensuring SMEs across the country receive custom training solutions that align with your business goals and challenges.
SME Salary Support Scheme: Paving the Way for Sustainable Growth
Lloyds also recognises the importance of financial stability in fostering apprenticeship engagement. The SME Salary Support Scheme alleviates the financial burden of apprentice salaries during the first year of training, derisking apprentice recruitment by enabling SMEs to invest in talent without compromising your bottom line. Easing financial constraints means you can fully harness the potential of apprenticeships, nurturing a skilled workforce that drives innovation, productivity and long-term success.
Next Steps
Apprenticeships are more than an investment in individual talent – they’re a strategic imperative for businesses seeking sustainable growth and success. Apprenticeships afford businesses access to a pool of motivated, skilled individuals whose training is tailored to your organisation’s specific needs, driving innovation, productivity and competitiveness.
To qualify for the SME Apprentice Support Service, businesses must meet the European Commission’s definition of an SME , as well as additional criteria to be eligible for the Lloyds Levy Transfer and SME Salary Support Scheme. Full details are available through the links below.
If you’re interested in finding out more about the MTC Training and Lloyds partnership and how it can support your business, visit the Lloyds website or contact a member of our team at employers@the-mtc.org or on 02476 701 801.