More apprenticeships will be open to young people thanks to £11 million in Government funding as part of a new approach to help employers train the skilled workers of the future, Skills Secretary John Denham and Schools Secretary Ed Balls announced recently.
Businesses which already have a proven track record in offering high-quality apprenticeships will share the cash to train extra apprentices - over and above those they already employ. This will result in around 3,000 new apprentices being trained at 16 firms over the next two years and allow smaller firms to benefit from the expertise of businesses which have been training apprentices successfully for some time.
Nearly 60 per cent of the funding will be targeted towards 16 to 18-year-olds with the majority of the remaining support going to support 19 to 24-year-old apprenticeships.
The announcement delivers on a pledge by Ministers in last year’s Apprenticeship Review to explore financial incentives so larger firms could take on apprentices, benefiting smaller companies in their supply chains which could take them on at a later date. At the same time, the move supports more young people and helps build a more highly skilled workforce.
The firms which have so far reached agreement with the Government will offer a wide range of apprenticeship frameworks, including motoring and sport and leisure, reflecting the diversity of apprenticeships now available.
The move will help deliver on the Government’s recent commitment to fund an extra 35,000 places across the public and private sectors backed by an additional £140 million of funding.
www.ukba.co.uk
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