CMI responds to 2018 spring Budget statement
- £80m fund to help SMEs access Apprenticeship Levy welcome news
The Chancellor's £80m helping hand for small businesses access the Apprenticeship Levy is brilliant news enabling more people to benefit from apprenticeships, and will be music to the ears of employers and learners. According to our research, 81% of bosses want access to the digital apprenticeships service to be extended to small businesses to drive up apprenticeship numbers. The majority also back Levy funding to be spent on apprenticeships for all ages.
Many large employers are now identifying key higher level skills gaps in management, digital and engineering, and as a result the fastest growing new degree apprenticeships are across these areas. Small businesses, the engines of the UK economy, now have the same opportunity to develop their staff.
While there is positive news for the economy, productivity remains stubbornly flat. Clearly, the government can no longer afford to ignore the OECD and the Bank of England's advice that quality management and leadership is the number-one driver of productivity. And while the Industrial Strategy is a step in the right direction, we await more detail from the Chancellor on how it will work to close the management skills gap.
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Notes to editors
The Chartered Management Institute (CMI) is the only chartered professional body for management and leaderships, dedicated to improving managers' skills and growing the number of qualified managers.
Our professional management qualifications span GCSE to PhD equivalents, including the unique Chartered Manager award, which increases earning potential and improves workplace performance. We have been registered as an apprentice assessment organisation by the Skills Funding Agency.
CMI has led the way in developing a suite of trailblazing management apprenticeships with a 40-strong group of employers. These start from Level 3 (team leader) and Level 5 (operations manager) through to Chartered Manager Degree Apprenticeship. The Senior Leader Master's Degree Apprenticeship gives employers the option to upskill up to executive and C-suite level. CMI is a Skills Funding Agency-registered apprentice assessment organisation.
We provide employers and individual managers with access to the latest management thinking and with practical online support that helps them to embrace change, create high-performing teams and keep ahead of the curve.
With a member community of more than 157,000 managers and leaders, we promote high standards of ethical practice through our Professional Code of Conduct, and help managers to build their expertise through online networks, regional events and mentoring opportunities.