Business in Basingstoke bulletin

Welcome to the May edition of the Business in Basingstoke bitesize bulletin – a shorter version of our monthly newsletter that contains a round-up of local business news, funding, training and council news.

Below you can find the top five articles read in our full edition. If you want to sign up to the full version to get news direct to your inbox every month, you can do so here: subscribe to newsletter/join our mailing list (basingstoke.gov.uk)

Basingstoke and Deane Workforce Development Grant Scheme

The Basingstoke and Deane Workforce Development Grant Scheme provides funding to local micro businesses and small to medium sized enterprises to invest in their workforce, equipping employees with new skills and knowledge to support business growth and organisational resilience as well as supporting the professional development of employees.

The scheme?is open to any micro business or SME which is trading in and has a physical presence within the borough of Basingstoke and Deane.

Read more here: Basingstoke and Deane Workforce Development Grant Scheme

New online training launched for small businesses

The Department for Business and Trade has launched a free online course with practical tips and resources for leaders of small business.?

Management essentials is the latest addition to the Help to Grow toolkit,?supporting small and medium-sized enterprises.

The course is suited for leaders of newer or smaller SMEs, or those who are looking to explore the principles of business growth and management.?

The course can be accessed through the Help to Grow website: https://helptogrow.campaign.gov.uk/

Basingstoke and Deane Apprenticeship Business Fund

The Basingstoke and Deane Apprenticeship Business Fund aims to support any micro business or small to medium sized enterprise (SME) to access local talent through an apprenticeship.

Eligible businesses can apply for grants of ￡5,000 per apprentice to support with the costs of recruiting and retaining a new apprentice. Businesses can apply for funding for up to three new apprenticeships under the scheme which has a rolling deadline.

The fund provides funding to eligible businesses to cover the costs of recruiting and retaining a new apprentice including job-specific equipment, uniforms, and recruitment costs. Eligible businesses will need to demonstrate the business need for the apprenticeship and how recruiting a new apprentice will support business growth.

Find out more the fund here: Basingstoke and Deane Apprenticeship Business Fund

TD Synnex

TD SYNNEX , based in Chineham Business Park, has been named one of the 2024 "World's Most Admired Companies" by Fortune.?

This is the third consecutive year that TD Synnex has been named on this list, following its legacy companies long history of inclusion too.?

Read the article here: https://newsflash.tdsynnex.co.uk/news/td-synnex-named-a-2024-fortune-worlds-most-admired-company/6197?

Changes to apprenticeship funding

The government has recently announced new apprenticeship measures:

From 1 April, SME employers who do not pay the levy no longer have to contribute to the cost of apprenticeship training for 16–21-year-olds. Government is fully funding the training costs for these individuals.

From 6 April, levy-paying employers can transfer up to 50% of their funds to support apprenticeships in other businesses, double the current 25%.

More information about the changes can be found here: Prime Minister to announce major reform package to boost apprenticeships and cut red tape for thousands of small businesses - GOV.UK (www.gov.uk)

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