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Apprenticeships in the City

Apprenticeships in London's Financial and Professional Services Sector

Apprenticeship reforms were introduced in April 2017 to increase the quality and quantity of apprenticeships in England, with a target of three million new apprenticeship starts by 2020. As part of these reforms, the Apprenticeship Levy on employers was introduced.

The City of London Corporation launched a survey in May 2018 to understand how businesses are using their levy payments and engaging with apprenticeships and what the impact has been, one year since the levy’s implementation.

The findings in this apprenticeship report (1MB) reflect the insights gained from 129 responses from Financial and Professional Services firms located in London. These businesses collectively pay over £27.3 million in apprenticeship levy contributions and employ over 329,000 people. The findings are a temperature check of the impact of the Apprenticeship Levy on London’s Financial and Professional Services businesses. You can read the expanded report (599KB) for more details.

How to make Apprenticeships work for your business

Since the Levy was introduced in 2017, we have supported a range of businesses in the City to understand how Apprenticeships work, and how to make Apprenticeships work for their business.

The processes can seem complex, particularly for small and medium sized businesses, who perhaps lack the capacity to engage with the processes around apprenticeships, but are paying the levy and want to use their investment.

To help businesses understand the process, we have designed a series of eight webinars below, to dismantle some of the complexity and simplify the steps involved in taking on an apprentice.

Working in partnership with City HR Association, Investment 2020, and the Acumen@Work, these webinars will help you to navigate apprenticeship processes, take on apprentices and use your Levy payments.

Webinars

Contact us

If you would like to find out more about the "Apprenticeship in the City" programme, please email the Responsible City team.

Useful links and information on apprenticeships

Information for applicants

Information for businesses

Apprenticeship Levy

Apprenticeship Funding


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