Financial Support

Without question, people are the most important asset to any business. Given the right training, skills and knowledge, competent and motivated staff will enable your company to flourish and gain that competitive edge. To make your training budget go further, CWT will point you in the direction of available financial support to assist you and your business in the development of its people. Eligibility for training subsidies and grants changes from time to time and CWT will advise you of the latest funds which currently include:

Apprenticeships

Apprenticeships are a route to a fresh new talent, designed around the needs of employers and leading to nationally recognised qualifications which will not only benefit the individual but the business as well.  Apprenticeships ensure that your workforce has the practical skills your organisation needs now and in the future.  The mixture of on and off the job learning ensures that Apprentices learn valuable skills.

Apprenticeships can be used to train both new and exisitng employees.  For existing employees, who are eligible, we will jointly design the delivery of learning around the needs of the business in order to develop the skills and knowledge of the individual.

Apprenticeships also offer a great way of attracting new, junior talent and we can help you to expand your team with young people who can grow with the business.  Employers who take on a 16-18 year old Apprentice only pay their salary.  The Government will fully fund their training.  For those aged 19+, employers may be required to contribute towards the costs of training.

The facts in numbers:

  • 77% of companies believe that Apprentices help their business become more competitive
  • 80% of those employers who employ Apprentices agree they make their workplace more productive
  • 83% of employers who take on Apprentices rely on Apprenticeships to provide the skilled workers of the future
  • 1 in 5 employers are hiring more Apprentices to help them through the tough economic climate.

 

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