Thatcham Research, the UK’s only not-for-profit automotive risk intelligence company, is calling on Skills England and the Institute for Apprenticeships and Technical Education (IfATE) to increase the Apprenticeship Levy funding cap which has remained unchanged since 2019.
The levy, capped at £15,000 per apprentice, has not kept pace with inflation and no longer meets modern training standards, resulting in a real-term reduction in training capacity.
Failing to raise this cap will limit apprenticeship opportunities within the automotive sector and could mean the UK faces increased car insurance premiums, misses key Net Zero targets, and fails to integrate new transport technology, such as Electric and Automated Vehicles, onto our roads.
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