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FCA secures changes to potentially unfair and unclear T&Cs of BNPL providers

2 Mar 2022

The FCA was concerned there was a potential risk of harm to consumers as a result of the way Clearpay, Klarna, Laybuy and Openpay's T&Css were drafted.

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Going to the Cycle Show? Learn technical tips with seminars presented by Cytech experts - stand G531

24 Feb 2022

Cytech are attending the Cycle Show and will be demonstrating key practices in bike maintenance that are useful for both the trade and... Read more…

Huge Buy Now, Pay Later change could stop users from getting a mortgage or credit card in the future

17 Feb 2022

Buy Now, Pay Later purchases are set to appear on credit reports for the first time, meaning lenders will be able to see the borrowing
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HUDJO: The bike parking app playing its part for the planet

10 Feb 2022

By offering on site bike parking to your customers, you not only create agreener and happier community, you help cut carbon emissions.
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Help to Grow: Digital Scheme & Management Scheme Launched

9 Feb 2022

BEIS has opened its Help to Grow: Digital scheme for applications, aiming to support small businesses with discounted software and free advice.
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It's National Apprenticeship Week 2022!

9 Feb 2022

Apprenticeships benefit everyone involved, particularly in these challenging economic times.
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Levelling Up plan to spread opportunity and prosperity throughout the country

3 Feb 2022

The White Paper itself includes underlying policy plans to invest in cycling networks and improve high streets
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Local Bike Shop Day 2022 set to take place April 30th with increased support and ambitious targets

1 Feb 2022

A key objective for this year involves targeting people that are new to the industry and encouraging them to visit their friendly local bike shop
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New Highway Code changes improve the safety of people walking, cycling and riding horses

31 Jan 2022

Rules forall types of road users have been updated in The Highway Code to improve the safety of people walking, cycling and riding horses.
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Apply for Business Rates Relief

31 Jan 2022

Retailers trading in Scotland and/or Wales are reminded to check their eligibility for business rates relief from April.
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It's National Apprenticeship Week 2022!

Posted on in Business News, Cycles News, Political News

National Apprenticeship Week (NAW) runs from 7th-13th February 2022 and aims to celebrate and promote the positive impact apprenticeships bring to employers, individuals, and the economy, spotlighting businesses who are investing in this life-changing education route.

The Government-backed courses are proving to be as popular as ever with businesses looking to hire new talent in their recovery from the pandemic, with over 40% more people starting apprenticeships in the first quarter of 2021/22 than in the same period 2020/21, which is up again from pre-pandemic levels in 2019.

Apprenticeships benefit everyone involved, particularly in these challenging economic times. Employers get engaged and loyal staff, apprentices get valuable on-the-job training and when it comes to bike shops customers get professionally maintained bikes. Better yet training costs involved with apprenticeships are heavily subsidised, making it an extremely cost-effective means to upskilling your staff.

In England, Cytech training provider Activate Cycle Academy (ACA) deliver the Level 2 Bicycle mechanic Apprenticeship Standard, with Cytech technical training being at the heart of their programme to ensure that all apprentices gain industry recognised qualifications as well as completing their apprenticeship. It offers the perfect mix of learning whilst working and includes the following industry's standard professional qualifications and study modules;

  • Cytech theory one (online)
  • Cytech technical two
  • Cytech technical three
  • Functional Skills Level 1 or 2 in English and Maths
  • Legal Compliance
  • Customer service and advanced selling skills
  • Business administration studies plus lots more

In Wales the Welsh Government have said it will invest £366m over the next three years to deliver apprenticeships across the country. The investment will go towards creating 125,000 apprenticeships in Wales.
The Economy Minister Vaughan Gething said it will help support the Welsh Government's commitment to ensure at least 90% of 16 to 24-year-olds in Wales will be in education, employment, or training by 2050.

The Association of Cytech Traders (ACT) along with Cytech, Activate Cycle Academy and other industry players are currently working with the Welsh Government on its development of a Bike Mechanics Apprenticeship for delivery in Wales, with hopes of a positive announcement later this year.

 

How much does an apprentice cost in England

Training costs involved with apprenticeships are heavily subsidised by the Government (if you don't pay into the apprenticeship levy) - in most cases 95% of the training costs are covered by Government funding, and in some instances this increases to 100% - leaving up to only 5% of the training costs plus the apprentice's salary to be covered by the employer.

As well as the training costs being subsidised, employers hiring apprenticeships are also entitled to various incentives to aid in the employment process, including additional cash grants.

For more information about the costs involved and the financial incentives available to you, visit the ACAApprenticeships page on the Association of Cycle Traders (ACT) website.

There's never been a better time to benefit from an apprenticeship and get you staff professionally trained. For more information about how apprenticeships can boost your business, and to get the ball rolling to hire an apprentice, please contact Activate Cycle Academy on 01865 550324 or at cycles@activatelearning.ac.uk.

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