Monday, November 25, 2024

Heating company ‘spreads the love’ by reinvesting apprenticeship funds in another company

Hull-based UK heating company Ideal Heating has reinvested part of its Apprenticeship Levy funding to pay for business services provider Bell4Business employee Connor Docherty to undertake a digital marketing apprenticeship.

The apprenticeship will support the next stage of 21-year-old Connor’s professional development and enable Bell4Buisness to expand by offering additional services, thereby also benefiting its clients.

Ideal Heating, which is owned by parent company Groupe Atlantic, has pledged to transfer up to £25,000 of its annual levy funding to support local talent.

Part of this has been invested to enable Office Administrator Connor to take on a Level 3 Digital Marketing Apprenticeship, gain new skills and achieve a higher level qualification.

The 15-month programme is being delivered by Hull Business Training Centre (HBTC). The Hull and East Yorkshire Local Enterprise Partnership (HEY LEP) played a crucial role in linking up Ideal Heating, Bell4Business and HBTC through its Business Growth Hub.

Maria Cunningham, HR Advisor – Development at Ideal Heating, which currently has 27 apprentices across the business, including four who were recruited in September, said: “As a major employer in Hull, we wanted to give something back and support a small independent business that doesn’t have access to the same level of funding we do.

“It’s really important to us to invest in the local area, to address collective skills needs while helping develop the future talent pool.

“Digitalisation is a key priority for us, so it makes sense for us to invest in the development of skills in this area locally, and we’re delighted to be able to support Connor and Bell4Business.”

The Apprenticeship Levy was introduced by the Government in 2017 for all companies paying a wage bill of more than £3m a year. Employers that meet the criteria must pay 0.5% of their pay bill each month as a levy tax.

The levy can be reinvested into the company’s workforce in the form of apprenticeship training. If it isn’t spent within 24 months, any unused funding will expire and must be returned to the Government.

However, it is not widely known that companies also have the option of transferring a percentage of unspent funds to SMEs, ensuring it is spent supporting local businesses.

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