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Unlocking investment in skills

Read the CBI response to the government’s delivery of the Lifelong Loan Entitlement – set to fix skill gaps in the economy.

18 May 2022, 1 min read

The CBI has responded to the government’s consultation on the introduction of a Lifelong Loan Entitlement (LLE) from 2025. On behalf of business, the CBI has supported initiatives that can help stimulate investment in skills and help individuals retrain/upskill to fill skills shortages. 

The Lifelong Loan Entitlement offers the opportunity for businesses and individuals to prioritise training and increase investment in skills. 

Key messages from our response:  

  • Have built-in flexibility for modules to be co-funded with employers and for employers to fund converting a module into a full qualification.
  • Encourage a culture of lifelong learning beyond levels 4-6, to help workers increase their confidence in investing in learning throughout their lifetime. 
  • Ensure learners have clear pathways and funding routes which would encourage learners to progress to levels 4-6.
  • Expand the scope in which the Lifelong Loan Entitlement could be used to fund modular learning in existing qualifications.
  • Local Skills Improvement Plans must provide a structure for Lifelong Loan Entitlement to serve local employer skill needs.