The chancellor announced that there will be an extra £80 million released to help small businesses recruit apprentices.
However, a treasury spokesperson explained afterwards:
“It is not a new funding announcement. There were no new funding announcements in the spring statement,” he said.
“It is from the existing DfE apprenticeship budget. I guess today will be the first time it has been publically announced in terms of where the money will be allocated, but it is funding that is awarded to providers to deliver training to businesses that don’t pay the apprenticeship levy.”