Employers have used just 10 per cent of their apprenticeship levy funds in first 12 months since it was introduced.

The education minister Lord Agnew admitted to parliament that between May last year and the end of this April, levy-paying employers “drew down £207 million from their apprenticeship service accounts for new starts”.

This amounts to just 10 per cent of the ring-fenced apprenticeship budget which has been set by the government “regardless of how much levy receipts are each year”.

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(Source FE Week 6/6/18)